Hightower Advisors Lowers stake in American Water Works Company Inc (AWK)

American Water Works Company Inc (AWK) : Hightower Advisors reduced its stake in American Water Works Company Inc by 24.72% during the most recent quarter end. The investment management company now holds a total of 509,974 shares of American Water Works Company Inc which is valued at $36,009,264 after selling 167,433 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.American Water Works Company Inc makes up approximately 0.42% of Hightower Advisors’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd reduced its stake in AWK by selling 109,739 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 2,775,062 shares of AWK which is valued at $195,947,128. American Water Works Company Inc makes up approx 0.75% of Pictet Asset Management Ltd’s portfolio.Bessemer Group Inc reduced its stake in AWK by selling 335,255 shares or 24.19% in the most recent quarter. The Hedge Fund company now holds 1,050,509 shares of AWK which is valued at $74,617,654. American Water Works Company Inc makes up approx 0.38% of Bessemer Group Inc’s portfolio.Clean Yield Group reduced its stake in AWK by selling 500 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 29,406 shares of AWK which is valued at $2,177,220. American Water Works Company Inc makes up approx 0.97% of Clean Yield Group’s portfolio.Meeder Asset Management Inc reduced its stake in AWK by selling 8,940 shares or 63.53% in the most recent quarter. The Hedge Fund company now holds 5,133 shares of AWK which is valued at $371,732. American Water Works Company Inc makes up approx 0.03% of Meeder Asset Management Inc’s portfolio.

American Water Works Company Inc opened for trading at $71.75 and hit $72.26 on the upside on Monday, eventually ending the session at $71.83, with a gain of 0.06% or 0.04 points. The heightened volatility saw the trading volume jump to 9,95,525 shares. Company has a market cap of $12,786 M.

On the company’s financial health, American Water Works Company Inc reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.02. The company had revenue of $930.00 million for the quarter, compared to analysts expectations of $945.04 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS.

Many Wall Street Analysts have commented on American Water Works Company Inc. American Water Works Company Inc was Upgraded by BofA/Merrill to ” Buy” on Nov 9, 2016. Robert W. Baird Initiated American Water Works Company Inc on Oct 14, 2016 to “Outperform”, Price Target of the shares are set at $82.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).

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