National Asset Management Inc. Reduces Stake in American Water Works (NYSE:AWK)

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18 July, 2017

BlackRock Inc. now owns 14,519,771 shares of the utilities provider's stock valued at $1,129,202,000 after buying an additional 13,566,529 shares in the last quarter. Warnock now owns $530,607 of the stock according to the SEC filing. Trading volume was down 55.83% under the stocks average daily volume. The stock of American Water Works Company Inc (NYSE:AWK) has "Buy" rating given on Friday, June 24 by Argus Research.

Barings LLC continued to hold its position in American Water Works (NYSE:AWK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The Jones Financial Companies Lllp holds 32,887 shares with $2.38 million value, down from 45,964 last quarter. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/07/17/american-water-works-awk-stake-cut-by-brookfield-asset-management-inc-updated.html. It closed at $78.64 lastly. Concert Pharmaceuticals Inc (CNCE) has risen 18.70% since July 17, 2016 and is uptrending. It has underperformed by 13.35% the S&P500. Therefore 40% are positive. American Water Works has a 52-week low of $69.41 and a 52-week high of $83.39. The rating was initiated by Longbow on Friday, June 17 with "Neutral". The stock has "Outperform" rating by Robert W. Baird on Friday, October 14.

The volatility (week) for American Water Works Company, Inc.is at 0.96% and the volatility (month) is at 1.17%. As per Thursday, May 25, the company rating was initiated by Northcoast. On Thursday, March 2 Lynch Walter sold $780,000 worth of American Water Works Company Inc (NYSE:AWK) or 10,000 shares.

On November 9 the company was upgraded from "Neutral" to "Buy" and a price target of $84.00 was set in a statement from Bank of America. The firm has "Neutral" rating given on Friday, February 26 by Janney Capital.

Since March 2, 2017, it had 0 insider buys, and 5 sales for $2.05 million activity. As of the end of the quarter Shamrock Asset Management LLC had sold a total of 94 shares trimming its stake by 0.9%. Strauss Mark F. had sold 13,011 shares worth $1.01M on Thursday, March 2.

Jones Financial Companies Lllp increased Ishares Tr Msci Eafe Growth In (EFG) stake by 217,513 shares to 3.15 million valued at $200.77 million in 2016Q4. Ishares Msci Eafe Value Index (EFV) was raised too. Bank of America downgraded American Water Works Company Inc (NYSE:AWK) on Wednesday, July 6 to "Neutral" rating. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, analysts predict that American Water Works will post $3.03 earnings per share for the current year.

Investors sentiment increased to 1.04 in Q4 2016. Its up 0.10, from 0.94 in 2016Q3.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 71 funds opened positions while 188 raised stakes. Cue Fin Incorporated reported 1.23% of its portfolio in American Water Works Company Inc (NYSE:AWK). Teacher Retirement Of Texas holds 0.02% or 67,987 shares. Raymond James Tru Na reported 0.08% in American Water Works Company Inc (NYSE:AWK). Apg Asset Mgmt Nv has invested 0.04% in American Water Works Company Inc (NYSE:AWK). Westpac Bk holds 0% of its portfolio in American Water Works Company Inc (NYSE:AWK) for 127,038 shares. Strategy Asset Managers Lc holds 30,768 shares. (NYSE:AWK), from Utilities sector has been on the upside of the performance spectrum. (NYSE:AWK) remains a cheap stock. (NYSE:AWK) is up 11.25%, compared with a gain of almost 0.09% for 3 months and about -3.30% for the past 30 days. Osterweis invested in 330,457 shares.

September 6 investment analysts at Barclays left the stock rating at "Overweight" but moved up the price target to $81.00 from $70.00. Thompson Davis reported 75 shares. Robert W. Baird lowered shares of American Water Works from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. As per Monday, August 22, the company rating was maintained by Piper Jaffray. The firm has "Buy" rating given on Wednesday, June 21 by BMO Capital Markets.

Investors sentiment decreased to 0.93 in Q4 2016. Its up 0.17, from 0.9 in 2016Q3. It is positive, as 37 investors sold AOS shares while 17 reduced holdings.

Geneva Advisors Llc increased Smith A O Com (AOS) stake by 369.08% reported in 2016Q4 SEC filing. First Quadrant Ltd Partnership Ca owns 121,095 shares. State Of Tennessee Treasury Department reported 0.02% stake. Ghp Investment Advsr accumulated 9,899 shares. Timessquare Management Ltd Liability holds 0.14% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 431,700 shares. Whittier Trust, a California-based fund reported 10 shares. First Advsrs Lp holds 173,692 shares. The New York-based Bluemountain Cap Management Limited Liability Corporation has invested 0.01% in Phillips 66 (NYSE:PSX). Oppenheimer And Inc holds 0.02% or 8,444 shares. 61,803 were reported by Chatham Cap Grp Inc. Homrich Berg stated it has 3,727 shares. The company's quarterly revenue was up 1.7% compared to the same quarter a year ago. PSX's profit will be $591.77M for 18.03 P/E if the $1.14 EPS becomes a reality. The utilities provider reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.52. Wolverine Asset Limited holds 0% in Sohu.com Inc (NASDAQ:SOHU) or 1,140 shares. (NYSE:WMB) stake by 240,000 shares and now owns 500,000 shares. Moreover, Prudential Fincl Inc has 0.02% invested in A. O. Smith Corp (NYSE:AOS).

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