American Water Works Company Inc (AWK) : Pictet Asset Management Ltd reduced its stake in American Water Works Company Inc by 5.1% during the most recent quarter end. The investment management company now holds a total of 4,041,813 shares of American Water Works Company Inc which is valued at $302 Million after selling 217,052 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.American Water Works Company Inc makes up approximately 1.26% of Pictet Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Ontario Teachers Pension Plan Board added AWK to its portfolio by purchasing 10,662 company shares during the most recent quarter which is valued at $796,558. American Water Works Company Inc makes up approx 0.01% of Ontario Teachers Pension Plan Board’s portfolio.Credit Agricole S A reduced its stake in AWK by selling 11,373 shares or 13.77% in the most recent quarter. The Hedge Fund company now holds 71,198 shares of AWK which is valued at $5.3 Million. American Water Works Company Inc makes up approx 0.03% of Credit Agricole S A’s portfolio.Neuberger Berman Group reduced its stake in AWK by selling 496,390 shares or 40.47% in the most recent quarter. The Hedge Fund company now holds 730,280 shares of AWK which is valued at $54.1 Million. American Water Works Company Inc makes up approx 0.07% of Neuberger Berman Group’s portfolio. Northstar Asset Management sold out all of its stake in AWK during the most recent quarter. The investment firm sold 5,750 shares of AWK which is valued $425,615.Ingalls Snyder reduced its stake in AWK by selling 2,100 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 47,467 shares of AWK which is valued at $3.5 Million. American Water Works Company Inc makes up approx 0.21% of Ingalls Snyder’s portfolio.
American Water Works Company Inc closed down -0.7 points or -0.95% at $73.28 with 12,89,647 shares getting traded on Wednesday. Post opening the session at $74.1, the shares hit an intraday low of $73.08 and an intraday high of $74.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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).