Putnam Fl Investment Management Co Lowers stake in American Water Works Company Inc (AWK)

American Water Works Company Inc (AWK) : Putnam Fl Investment Management Co reduced its stake in American Water Works Company Inc by 13.15% during the most recent quarter end. The investment management company now holds a total of 226,693 shares of American Water Works Company Inc which is valued at $16,260,689 after selling 34,314 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.American Water Works Company Inc makes up approximately 1.88% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Chesley Taft Associates reduced its stake in AWK by selling 930 shares or 6.28% in the most recent quarter. The Hedge Fund company now holds 13,875 shares of AWK which is valued at $995,254. American Water Works Company Inc makes up approx 0.10% of Chesley Taft Associates’s portfolio.Vigilant Capital Management boosted its stake in AWK in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 212 shares of American Water Works Company Inc which is valued at $15,207.Legal General Group Plc boosted its stake in AWK in the latest quarter, The investment management firm added 27,864 additional shares and now holds a total of 1,340,209 shares of American Water Works Company Inc which is valued at $94,471,332. American Water Works Company Inc makes up approx 0.10% of Legal General Group Plc’s portfolio.Hills Bank Trust Co reduced its stake in AWK by selling 200 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 4,200 shares of AWK which is valued at $299,796. American Water Works Company Inc makes up approx 0.11% of Hills Bank Trust Co’s portfolio.Washington Trust Bank boosted its stake in AWK in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 2,093 shares of American Water Works Company Inc which is valued at $148,959. American Water Works Company Inc makes up approx 0.04% of Washington Trust Bank’s portfolio.

American Water Works Company Inc closed down -0.03 points or -0.04% at $71.73 with 8,66,869 shares getting traded on Friday. Post opening the session at $71.76, the shares hit an intraday low of $71.46 and an intraday high of $72.4899 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Robert W. Baird Initiated American Water Works Company Inc on Oct 14, 2016 to “Outperform”, Price Target of the shares are set at $82.Shares were Reiterated by Barclays on Sep 6, 2016 to “Overweight” and Lowered the Price Target to $ 81 from a previous price target of $87 .

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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