Smith Moore Lowers stake in American Water Works Company Inc (AWK)

American Water Works Company Inc (AWK) : Smith Moore reduced its stake in American Water Works Company Inc by 0.45% during the most recent quarter end. The investment management company now holds a total of 11,098 shares of American Water Works Company Inc which is valued at $862,980 after selling 50 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.American Water Works Company Inc makes up approximately 0.34% of Smith Moore’s portfolio.

Other Hedge Funds, Including , Alpine Woods Capital Investors sold out all of its stake in AWK during the most recent quarter. The investment firm sold 45,700 shares of AWK which is valued $3,553,632.Pittenger Anderson Inc boosted its stake in AWK in the latest quarter, The investment management firm added 2,475 additional shares and now holds a total of 8,815 shares of American Water Works Company Inc which is valued at $684,485. American Water Works Company Inc makes up approx 0.07% of Pittenger Anderson Inc’s portfolio.Cutter Co Brokerage boosted its stake in AWK in the latest quarter, The investment management firm added 2,637 additional shares and now holds a total of 80,652 shares of American Water Works Company Inc which is valued at $6,546,523. American Water Works Company Inc makes up approx 2.78% of Cutter Co Brokerage’s portfolio.1st Source Bank boosted its stake in AWK in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 45,575 shares of American Water Works Company Inc which is valued at $3,763,584. American Water Works Company Inc makes up approx 0.41% of 1st Source Bank’s portfolio.Gilman Hill Asset Management reduced its stake in AWK by selling 125 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 11,500 shares of AWK which is valued at $952,660. American Water Works Company Inc makes up approx 0.38% of Gilman Hill Asset Management’s portfolio.

American Water Works Company Inc closed down -0.96 points or -1.24% at $76.44 with 9,80,333 shares getting traded on Friday. Post opening the session at $77.12, the shares hit an intraday low of $75.96 and an intraday high of $77.25 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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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