Polaris Wealth Advisers Has Boosted Its Icici Bk LTD (IBN) Position; American Water Works Company (AWK) Sentiment Is 1.05

February 16, 2018 - By Moses P. Lee

Polaris Wealth Advisers Llc increased Icici Bk Ltd (IBN) stake by 29.33% reported in 2017Q3 SEC filing. Polaris Wealth Advisers Llc acquired 40,497 shares as Icici Bk Ltd (IBN)’s stock rose 14.25%. The Polaris Wealth Advisers Llc holds 178,551 shares with $1.53M value, up from 138,054 last quarter. Icici Bk Ltd now has $32.73 billion valuation. The stock increased 2.06% or $0.21 during the last trading session, reaching $10.41. About 14.29 million shares traded or 117.27% up from the average. ICICI Bank Limited (NYSE:IBN) has risen 45.32% since February 16, 2017 and is uptrending. It has outperformed by 28.62% the S&P500.

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company has market cap of $14.22 billion. The firm offers water and wastewater services to approximately 1,600 communities in 16 states. It has a 26.93 P/E ratio. It operates approximately 81 surface water treatment plants with approximately 522 groundwater treatment plants and 1,022 groundwater wells; 121 wastewater treatment facilities, 1,284 treated water storage facilities, 1,433 pumping stations, 80 dams, and 49,635 miles of mains and collection pipes.

The stock increased 1.76% or $1.38 during the last trading session, reaching $79.71. About 718,145 shares traded. American Water Works Company, Inc. (AWK) has risen 3.35% since February 16, 2017 and is uptrending. It has underperformed by 13.35% the S&P500.

Water Asset Management Llc holds 11.12% of its portfolio in American Water Works Company, Inc. for 274,665 shares. Trellus Management Company Llc owns 51,600 shares or 5.72% of their US portfolio. Moreover, Impax Asset Management Ltd has 4.8% invested in the company for 1.94 million shares. The Switzerland-based Partners Group Holding Ag has invested 4.29% in the stock. Reaves W H & Co Inc, a New Jersey-based fund reported 1.31 million shares.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $1.52 million activity.

Analysts await American Water Works Company, Inc. (NYSE:AWK) to report earnings on February, 20. They expect $0.66 earnings per share, up 15.79% or $0.09 from last year’s $0.57 per share. AWK’s profit will be $117.73M for 30.19 P/E if the $0.66 EPS becomes a reality. After $1.08 actual earnings per share reported by American Water Works Company, Inc. for the previous quarter, Wall Street now forecasts -38.89% negative EPS growth.

Among 7 analysts covering ICICI Bank (NYSE:IBN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. ICICI Bank had 11 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to “Sell” on Tuesday, August 25. The stock has “Buy” rating by Morgan Stanley on Tuesday, January 16. The rating was upgraded by Goldman Sachs on Monday, September 14 to “Buy”. Jefferies upgraded the stock to “Buy” rating in Monday, October 30 report. The rating was upgraded by Goldman Sachs to “Buy” on Monday, October 24. The stock of ICICI Bank Limited (NYSE:IBN) earned “Hold” rating by Zacks on Thursday, September 3. The firm has “Outperform” rating given on Thursday, April 21 by Credit Suisse. Goldman Sachs downgraded the shares of IBN in report on Tuesday, May 3 to “Neutral” rating. Standpoint Research upgraded ICICI Bank Limited (NYSE:IBN) on Wednesday, August 26 to “Hold” rating. The company was upgraded on Wednesday, August 19 by Zacks.

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By1 Moses P. Lee

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