Country Trust Bank Decreased Stake in American Water Works Company (NYSE:AWK) by $6.59 Million as Shares Rose


Country Trust Bank decreased its stake in American Water Works Company (NYSE:AWK) by 20.22% based on its latest 2016Q2 regulatory filing with the SEC. Country Trust Bank sold 96,933 shares as the company’s stock rose 14.27% with the market. The institutional investor held 382,538 shares of the water supply company at the end of 2016Q2, valued at $26.37M, down from 479,471 at the end of the previous reported quarter. Country Trust Bank who had been investing in American Water Works Company for a number of months, seems to be less bullish one the $13.16 billion market cap company. The stock decreased 0.73% or $0.54 on September 13, hitting $72.96. About 1.13M shares traded hands. American Water Works Company Inc (NYSE:AWK) has risen 14.31% since February 8, 2016 and is uptrending. It has underperformed by 2.18% the S&P500.

Country Trust Bank, which manages about $1.87 billion US Long portfolio, upped its stake in Vanguard Total International (BNDX) by 123,328 shares to 125,828 shares, valued at $6.86M in 2016Q2, according to the filing. It also increased its holding in Vanguard Global Ex Us Real (VNQI) by 60,376 shares in the quarter, for a total of 60,801 shares, and has risen its stake in Pepsico Inc. Common (NYSE:PEP).

The institutional sentiment decreased to 1 in Q2 2016. Its down 0.40, from 1.4 in 2016Q1. The ratio fall, as 35 funds sold all AWK shares owned while 196 reduced positions. 46 funds bought stakes while 186 increased positions. They now own 143.32 million shares or 6.07% less from 152.58 million shares in 2016Q1.

Reaves W H & Co Inc holds 4.15% of its portfolio in AWK for 1.41 million shares. Clear Harbor Asset Management Llc owns 224,184 shares or 4.12% of their US portfolio. Moreover, Barometer Capital Management Inc. has 4.04% invested in the company for 482,700 shares. The Georgia-based Asset Advisors Corp has invested 3.76% in the stock. Eagle Capital Management Llc, a Alabama-based fund reported 39,886 shares.

Out of 8 analysts covering American Water Works (NYSE:AWK), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. American Water Works has been the topic of 11 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on September 6 with “Overweight” rating.

American Water Works Company, Inc. is a holding company. The company has a market cap of $13.16 billion. The Firm is a water and wastewater utility company. It has a 26.56 P/E ratio. The Firm operates through two divisions: the Regulated Businesses and the Market-Based Businesses.

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