Ifc Holdings Buys Stakes in AWK

Ifc Holdings Incorporatedfl scooped up 1,431 additional shares ($1,342,308) in American Water Works Company Inc during the most recent quarter end.

The investment management firm now holds a total of 16,537 shares of American Water Works Company Inc which is valued at $1,342,308.American Water Works Company Inc makes up approximately 0.15% of Ifc Holdings Incorporatedfl’s portfolio.

Other Hedge Funds, Including, Cibc Asset Management Inc boosted its stake in AWK in the latest quarter.

The investment management firm added 394 additional shares and now holds a total of 22,977 shares of American Water Works Company Inc which is valued at $1,865,043.

American Water Works Company Inc makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Cibc World Markets boosted its stake in AWK in the latest quarter.

The investment management firm added 3,064 additional shares and now holds a total of 22,681 shares of American Water Works Company Inc which is valued at $1,878,894. American Water Works Company Inc makes up approx 0.01% of Cibc World Markets’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.

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). 

Source: Founders Daily