American Water Works Company Inc (AWK) : Btr Capital Management Inc reduced its stake in American Water Works Company Inc by 5.08% during the most recent quarter end. The investment management company now holds a total of 108,575 shares of American Water Works Company Inc which is valued at $8,843,434 after selling 5,810 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.American Water Works Company Inc makes up approximately 1.97% of Btr Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Barometer Capital Management reduced its stake in AWK by selling 22,100 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 482,700 shares of AWK which is valued at $39,315,915. American Water Works Company Inc makes up approx 3.85% of Barometer Capital Management’s portfolio.First Manhattan Co reduced its stake in AWK by selling 11,938 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 727,437 shares of AWK which is valued at $59,249,744. American Water Works Company Inc makes up approx 0.36% of First Manhattan Co’s portfolio.British Columbia Investment Management Corp reduced its stake in AWK by selling 75,114 shares or 27.12% in the most recent quarter. The Hedge Fund company now holds 201,852 shares of AWK which is valued at $16,826,383. American Water Works Company Inc makes up approx 0.15% of British Columbia Investment Management Corp’s portfolio.Stock Yards Bank Trust Co reduced its stake in AWK by selling 35,966 shares or 21.01% in the most recent quarter. The Hedge Fund company now holds 135,227 shares of AWK which is valued at $11,461,841. American Water Works Company Inc makes up approx 1.53% of Stock Yards Bank Trust Co’s portfolio.
American Water Works Company Inc closed down -0.14 points or -0.17% at $81.45 with 14,56,307 shares getting traded on Monday. Post opening the session at $81.6, the shares hit an intraday low of $81.37 and an intraday high of $81.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, American Water Works Company Inc reported $0.55 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $0.55. The company had revenue of $783.00 million for the quarter, compared to analysts expectations of $780.68 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 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. Company shares were Reiterated by Barclays on May 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 79 from a previous price target of $75 .
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).