Bluestein R H Co Lowers stake in American Water Works Company Inc (AWK)

American Water Works Company Inc (AWK) : Bluestein R H Co reduced its stake in American Water Works Company Inc by 12.15% during the most recent quarter end. The investment management company now holds a total of 569,168 shares of American Water Works Company Inc which is valued at $44,258,504 after selling 78,693 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.American Water Works Company Inc makes up approximately 3.29% of Bluestein R H Co’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in AWK by selling 25,532 shares or 24.7% in the most recent quarter. The Hedge Fund company now holds 77,830 shares of AWK which is valued at $6,052,061. American Water Works Company Inc makes up approx 0.05% of Cornerstone Capital Management Holdings.’s portfolio.Gareth Morgan Investments Limited Partnership reduced its stake in AWK by selling 45,400 shares or 26.67% in the most recent quarter. The Hedge Fund company now holds 124,859 shares of AWK which is valued at $9,709,036. American Water Works Company Inc makes up approx 0.91% of Gareth Morgan Investments Limited Partnership’s portfolio.Neuberger Berman Group reduced its stake in AWK by selling 6,318 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 723,962 shares of AWK which is valued at $56,816,538. American Water Works Company Inc makes up approx 0.08% of Neuberger Berman Group’s portfolio.Bridgewater Wealth Financial Management boosted its stake in AWK in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 5,037 shares of American Water Works Company Inc which is valued at $408,853. American Water Works Company Inc makes up approx 0.14% of Bridgewater Wealth Financial Management’s portfolio.Murphy Capital Management Inc reduced its stake in AWK by selling 700 shares or 4.21% in the most recent quarter. The Hedge Fund company now holds 15,925 shares of AWK which is valued at $1,299,321. American Water Works Company Inc makes up approx 0.20% of Murphy Capital Management Inc’s portfolio.

American Water Works Company Inc opened for trading at $75.11 and hit $75.86 on the upside on Monday, eventually ending the session at $75.43, with a gain of 0.84% or 0.63 points. The heightened volatility saw the trading volume jump to 14,20,509 shares. Company has a market cap of $13,419 M.

On the company’s financial health, American Water Works Company Inc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.73. The company had revenue of $827.00 million for the quarter, compared to analysts expectations of $840.06 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on American Water Works Company Inc. American Water Works Company Inc was Downgraded by BofA/Merrill to ” Neutral” on Jul 6, 2016.

American Water Works Company Inc. is a water and wastewater utility holding company. Through its subsidiaries the Company provides drinking water wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential commercial industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases municipalities industrial commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Company’s subsidiaries include Illinois-American Water Company (ILAWC) American Lake Water Company and West Virginia-American Water Company (WVAWC).

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