Whittier Trust Co decreased its stake in American Wtr Wks Co Inc New Com (AWK) by 24.68% based on its latest 2016Q3 regulatory filing with the SEC. Whittier Trust Co sold 68,259 shares as the company’s stock declined 11.01% while stock markets rallied. The institutional investor held 208,273 shares of the water supply company at the end of 2016Q3, valued at $15.59 million, down from 276,532 at the end of the previous reported quarter. Whittier Trust Co who had been investing in American Wtr Wks Co Inc New Com for a number of months, seems to be less bullish one the $12.48B market cap company. The stock closed at $70.72 during the last session. It is down 6.91% since June 7, 2016 and is downtrending. It has underperformed by 14.33% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.94 in Q3 2016. Its down 0.06, from 1 in 2016Q2. The ratio dropped, as 33 funds sold all AWK shares owned while 219 reduced positions. 70 funds bought stakes while 168 increased positions. They now own 137.48 million shares or 4.08% less from 143.32 million shares in 2016Q2. The New York-based M&R has invested 0.39% in American Water Works Company Inc (NYSE:AWK). Panagora Asset Mgmt Incorporated holds 0.01% of its portfolio in American Water Works Company Inc (NYSE:AWK) for 32,057 shares. Zacks has 0.01% invested in the company for 4,098 shares. Blackrock Japan Limited, a Japan-based fund reported 372,365 shares. Signaturefd Limited Liability Company last reported 86 shares in the company. Teachers Retirement Systems Of The State Of Kentucky holds 0.02% of its portfolio in American Water Works Company Inc (NYSE:AWK) for 23,000 shares. Farmers Bancshares last reported 0.03% of its portfolio in the stock. Parametric Portfolio Limited Liability, a Washington-based fund reported 238,779 shares. Moreover, Btim Corp has 0.04% invested in American Water Works Company Inc (NYSE:AWK) for 28,945 shares. Lpl Finance Ltd, a California-based fund reported 33,079 shares. Exane Derivatives accumulated 0% or 5 shares. Clearbridge Invs Ltd Llc holds 0% or 58,840 shares in its portfolio. Farmers & Merchants Investments last reported 20 shares in the company. Assetmark owns 731 shares or 0% of their US portfolio. Moreover, Loomis Sayles & LP has 0.08% invested in American Water Works Company Inc (NYSE:AWK) for 405,984 shares.
Insider Transactions: Since August 17, 2016, the stock had 1 buy, and 3 insider sales for $2.43 million net activity. Lynch Walter sold $497,865 worth of stock or 6,514 shares. STORY SUSAN N also bought $2,921 worth of American Water Works Company Inc (NYSE:AWK) shares. On Wednesday, August 17 Strauss Mark F. sold $1.18M worth of the stock or 15,467 shares.
Analysts await American Water Works Company Inc (NYSE:AWK) to report earnings on February, 23. They expect $0.56 EPS, up 1.82% or $0.01 from last year’s $0.55 per share. AWK’s profit will be $98.82 million for 31.57 P/E if the $0.56 EPS becomes a reality. After $1.05 actual EPS reported by American Water Works Company Inc for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.
More notable recent American Water Works Company Inc (NYSE:AWK) news were published by: Fool.com which released: “Why You Should (and Shouldn’t) Buy American Water Works Company, Inc.” on December 21, 2016, also Fool.com with their article: “3 Reasons American Water Works Company, Inc.’s Stock Could Soar” published on April 01, 2016, Fool.com published: “Will American Water Works Company, Inc. Sink or Swim?” on April 04, 2016. More interesting news about American Water Works Company Inc (NYSE:AWK) were released by: Nasdaq.com and their article: “American Water Unit Acquires Scranton Wastewater System” published on December 30, 2016 as well as Seekingalpha.com‘s news article titled: “American Water Works: The Rising Tide And Choppy Waters” with publication date: June 15, 2016.
According to Zacks Investment Research, “AMER WATER is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs nearly seven thousand dedicated professionals who provide drinking water, wastewater and other related services to approximately 15.6 million people in 32 states and Ontario, Canada.”
American Water Works Company Inc (NYSE:AWK) Ratings Coverage
Out of 8 analysts covering American Water Works (NYSE:AWK), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. American Water Works has been the topic of 14 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, March 2. The company was downgraded on Wednesday, July 6 by Bank of America. The rating was upgraded by Janney Capital to “Buy” on Tuesday, December 20. The firm has “Buy” rating by Bank of America given on Wednesday, November 9. The rating was downgraded by Boenning & Scattergood on Monday, June 6 to “Neutral”. The company was initiated on Friday, June 24 by Argus Research. As per Friday, February 26, the company rating was downgraded by Janney Capital. The stock of American Water Works Company Inc (NYSE:AWK) has “Outperform” rating given on Friday, October 14 by Robert W. Baird. Barclays Capital maintained the stock with “Overweight” rating in Friday, May 6 report. The firm has “Neutral” rating by Ladenburg Thalmann given on Thursday, October 15.
AWK Company Profile
American Water Works Company, Inc., incorporated on August 28, 1936, is a holding company. The Firm is a water and wastewater utility company. The Firm provides drinking water, wastewater and other water related services to approximately 15 million people in over 50 states, the District of Columbia and Ontario, Canada. The Firm operates through two divisions: the Regulated Businesses and the Market-Based Businesses. The Company’s American Water Works Service Company subsidiary provides shared services and corporate governance for its operating subsidiaries, such as accounting and finance, administration, business development, communications, corporate administrative, education and training, engineering, financial, health and safety, human resources, information systems, internal audit, investor relations, legal, operations, procurement, rates support, security, risk management, water quality, and research and development.
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