American Water Works Set to Join the S&P 500; CONSOL Energy to Join S&P MidCap 400

01 Mar, 2016, 17:57 ET from S&P Dow Jones Indices

NEW YORK, March 1, 2016 /PRNewswire/ -- S&P 500 constituent CONSOL Energy Inc. (NYSE: CNX) will replace Solera Holdings Inc. (NYSE: SLH) in the S&P MidCap 400, and American Water Works Company Inc. (NYSE: AWK) will replace CONSOL Energy in the S&P 500 after the close of trading on Thursday, March 3. Vista Equity Partners is acquiring Solera in a deal expected to be completed on or about that date pending final conditions.

American Water Works provides water and wastewater services. Headquartered in Voorhees, NJ, the company will be added to the S&P 500 (Global Industry Classification Standard) Water Utilities Sub-Industry index.

CONSOL Energy is an integrated energy company specializing in exploration and production and coal. Headquartered in Canonsburg, PA the company will be added to the S&P MidCap 400 GICS Coal & Consumable Fuels Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX –  March 3, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

American Water Works

Utilities

Water Utilities

DELETED

CONSOL Energy

Energy

Coal & Consumable Fuels

S&P MIDCAP 400 INDEX – March 3, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

CONSOL Energy

Energy

Coal & Consumable Fuels

DELETED

Solera

Information Technology

Application Software

 

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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