American Water Works Company Inc (AWK) : Daiwa Sb Investments Ltd. reduced its stake in American Water Works Company Inc by 3.03% during the most recent quarter end. The investment management company now holds a total of 130,570 shares of American Water Works Company Inc which is valued at $9,203,879 after selling 4,080 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.American Water Works Company Inc makes up approximately 2.41% of Daiwa Sb Investments Ltd.’s portfolio.
Other Hedge Funds, Including , Prospera Financial Services Inc reduced its stake in AWK by selling 47 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 6,388 shares of AWK which is valued at $450,290. American Water Works Company Inc makes up approx 0.09% of Prospera Financial Services Inc’s portfolio.Advisory Services Network boosted its stake in AWK in the latest quarter, The investment management firm added 188 additional shares and now holds a total of 9,726 shares of American Water Works Company Inc which is valued at $687,045. American Water Works Company Inc makes up approx 0.13% of Advisory Services Network’s portfolio.Simplex Trading boosted its stake in AWK in the latest quarter, The investment management firm added 3,381 additional shares and now holds a total of 11,508 shares of American Water Works Company Inc which is valued at $812,925. American Water Works Company Inc makes up approx 0.11% of Simplex Trading’s portfolio.Harbour Capital Advisors reduced its stake in AWK by selling 2,945 shares or 22.86% in the most recent quarter. The Hedge Fund company now holds 9,940 shares of AWK which is valued at $707,430. American Water Works Company Inc makes up approx 0.38% of Harbour Capital Advisors’s portfolio.
American Water Works Company Inc closed down -0.89 points or -1.25% at $70.49 with 9,16,810 shares getting traded on Tuesday. Post opening the session at $71.1, the shares hit an intraday low of $70.12 and an intraday high of $71.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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. Shares were Reiterated by Barclays on Sep 6, 2016 to “Overweight” and Lowered the Price Target to $ 81 from a previous price target of $87 .
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).