Partners Group Holding Ag Lowers stake in American Water Works Company Inc (AWK)

American Water Works Company Inc (AWK) : Partners Group Holding Ag reduced its stake in American Water Works Company Inc by 1.36% during the most recent quarter end. The investment management company now holds a total of 451,340 shares of American Water Works Company Inc which is valued at $33.7 Million after selling 6,200 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.American Water Works Company Inc makes up approximately 7.08% of Partners Group Holding Ag’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in AWK in the latest quarter, The investment management firm added 42,203 additional shares and now holds a total of 46,181 shares of American Water Works Company Inc which is valued at $3.5 Million. American Water Works Company Inc makes up approx 0.03% of Comerica Bank’s portfolio.California Public Employees Retirement System reduced its stake in AWK by selling 16,600 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 614,869 shares of AWK which is valued at $45.5 Million. American Water Works Company Inc makes up approx 0.07% of California Public Employees Retirement System’s portfolio.Sarasin Partners Llp reduced its stake in AWK by selling 6,353 shares or 29.96% in the most recent quarter. The Hedge Fund company now holds 14,853 shares of AWK which is valued at $1.1 Million. American Water Works Company Inc makes up approx 0.02% of Sarasin Partners Llp’s portfolio.American National Bank reduced its stake in AWK by selling 158 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 5,948 shares of AWK which is valued at $432,776. American Water Works Company Inc makes up approx 0.16% of American National Bank’s portfolio.

American Water Works Company Inc opened for trading at $74.39 and hit $75.25 on the upside on Monday, eventually ending the session at $75.2, with a gain of 0.66% or 0.49 points. The heightened volatility saw the trading volume jump to 8,62,017 shares. Company has a market cap of $13,364 M.

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).

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