American Water Works Company Inc (AWK) : Cohen Capital Management has sold out all of its stake in American Water Works Company Inc during the most recent quarter, according to the disclosure filed by the company on Apr 20, 2016 with the SEC. The investment management company has sold out 63,400 shares of American Water Works Company Inc which is valued at $4,389,816.
American Water Works Company Inc opened for trading at $68.4 and hit $69.44 on the upside on Friday, eventually ending the session at $69.24, with a gain of 1.44% or 0.98 points. The heightened volatility saw the trading volume jump to 15,24,547 shares. Company has a market cap of $12,325 M.
Other Hedge Funds, Including , Next Financial Group Inc reduced its stake in AWK by selling 400 shares or 8.94% in the most recent quarter. The Hedge Fund company now holds 4,075 shares of AWK which is valued at $282,153. American Water Works Company Inc makes up approx 0.10% of Next Financial Group Inc’s portfolio.Clean Yield Group reduced its stake in AWK by selling 4,855 shares or 12.46% in the most recent quarter. The Hedge Fund company now holds 34,121 shares of AWK which is valued at $2,431,462. American Water Works Company Inc makes up approx 1.08% of Clean Yield Group’s portfolio.Santa Fe Partners boosted its stake in AWK in the latest quarter, The investment management firm added 17,585 additional shares and now holds a total of 47,790 shares of American Water Works Company Inc which is valued at $3,405,515. American Water Works Company Inc makes up approx 0.55% of Santa Fe Partners’s portfolio. 1st Global Advisors added AWK to its portfolio by purchasing 12,226 company shares during the most recent quarter which is valued at $871,225. American Water Works Company Inc makes up approx 0.12% of 1st Global Advisors’s portfolio. Chevy Chase Trust Holdings added AWK to its portfolio by purchasing 150,795 company shares during the most recent quarter which is valued at $10,570,730. American Water Works Company Inc makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.
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.
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).