American Water Works Company Inc (AWK) : Pictet Asset Management Ltd reduced its stake in American Water Works Company Inc by 28.63% during the most recent quarter end. The investment management company now holds a total of 2,884,801 shares of American Water Works Company Inc which is valued at $224,322,126 after selling 1,157,012 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 0.84% of Pictet Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Grantham Mayo Van Otterloo boosted its stake in AWK in the latest quarter, The investment management firm added 7,700 additional shares and now holds a total of 30,600 shares of American Water Works Company Inc which is valued at $2,379,456. American Water Works Company Inc makes up approx 0.01% of Grantham Mayo Van Otterloo’s portfolio.Camarda Financial Advisors reduced its stake in AWK by selling 2,898 shares or 80.28% in the most recent quarter. The Hedge Fund company now holds 712 shares of AWK which is valued at $55,365. American Water Works Company Inc makes up approx 0.03% of Camarda Financial Advisors’s portfolio.Scout Investments reduced its stake in AWK by selling 19,379 shares or 4.93% in the most recent quarter. The Hedge Fund company now holds 373,767 shares of AWK which is valued at $29,090,286. American Water Works Company Inc makes up approx 0.77% of Scout Investments’s portfolio. Quantbot Technologies Lp sold out all of its stake in AWK during the most recent quarter. The investment firm sold 4,423 shares of AWK which is valued $359,015.
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).