Asset Advisors Corp Lowers stake in American Water Works Company Inc (AWK)

American Water Works Company Inc (AWK) : Asset Advisors Corp reduced its stake in American Water Works Company Inc by 0.43% during the most recent quarter end. The investment management company now holds a total of 214,090 shares of American Water Works Company Inc which is valued at $17,377,685 after selling 930 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.American Water Works Company Inc makes up approximately 3.60% of Asset Advisors Corp’s portfolio.

Other Hedge Funds, Including , Reilly Financial Advisors reduced its stake in AWK by selling 1,061 shares or 8.35% in the most recent quarter. The Hedge Fund company now holds 11,642 shares of AWK which is valued at $944,981. American Water Works Company Inc makes up approx 0.17% of Reilly Financial Advisors’s portfolio.Advisory Services Network boosted its stake in AWK in the latest quarter, The investment management firm added 5,306 additional shares and now holds a total of 9,538 shares of American Water Works Company Inc which is valued at $777,061. American Water Works Company Inc makes up approx 0.17% of Advisory Services Network’s portfolio.Huntington National Bank reduced its stake in AWK by selling 549 shares or 26.79% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of AWK which is valued at $122,205.Trust Co Of Toledo Na Oh boosted its stake in AWK in the latest quarter, The investment management firm added 440 additional shares and now holds a total of 21,952 shares of American Water Works Company Inc which is valued at $1,788,429. American Water Works Company Inc makes up approx 0.51% of Trust Co Of Toledo Na Oh’s portfolio.Winslow Evans Crocker boosted its stake in AWK in the latest quarter, The investment management firm added 2,234 additional shares and now holds a total of 20,750 shares of American Water Works Company Inc which is valued at $1,718,930. American Water Works Company Inc makes up approx 0.50% of Winslow Evans Crocker’s portfolio.

American Water Works Company Inc closed down -0.83 points or -1.06% at $77.65 with 18,57,680 shares getting traded on Monday. Post opening the session at $78.42, the shares hit an intraday low of $77.535 and an intraday high of $79.13 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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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