American Water Works Company Inc (AWK) : Reaves W H Co Inc reduced its stake in American Water Works Company Inc by 23.38% during the most recent quarter end. The investment management company now holds a total of 1,527,164 shares of American Water Works Company Inc which is valued at $114.1 Million after selling 466,009 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 4.08% of Reaves W H Co Inc’s portfolio.
Other Hedge Funds, Including , Chartwell Investment Partners reduced its stake in AWK by selling 21,500 shares or 33.08% in the most recent quarter. The Hedge Fund company now holds 43,500 shares of AWK which is valued at $3.2 Million. American Water Works Company Inc makes up approx 0.06% of Chartwell Investment Partners’s portfolio.Pictet North America Advisors Sa boosted its stake in AWK in the latest quarter, The investment management firm added 3,340 additional shares and now holds a total of 11,050 shares of American Water Works Company Inc which is valued at $825,546. American Water Works Company Inc makes up approx 0.18% of Pictet North America Advisors Sa’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. Telemus Capital added AWK to its portfolio by purchasing 6,000 company shares during the most recent quarter which is valued at $436,560. American Water Works Company Inc makes up approx 0.07% of Telemus Capital’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).