Nuance Investments LLC purchased a new position in American Water Works (NYSE:AWK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,594 shares of the utilities provider’s stock, valued at approximately $2,930,000.
Other large investors have also modified their holdings of the company. Cipher Capital LP lifted its stake in shares of American Water Works by 40.3% in the 2nd quarter. Cipher Capital LP now owns 56,617 shares of the utilities provider’s stock valued at $4,413,000 after purchasing an additional 16,255 shares in the last quarter. Swiss National Bank lifted its stake in shares of American Water Works by 3.1% in the 2nd quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock valued at $54,715,000 after purchasing an additional 21,000 shares in the last quarter. Pacad Investment Ltd. acquired a new position in shares of American Water Works in the 2nd quarter valued at about $405,000. ARGA Investment Management LP acquired a new position in shares of American Water Works in the 2nd quarter valued at about $2,081,000. Finally, Scout Investments Inc. raised its holdings in shares of American Water Works by 5.7% during the 2nd quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock valued at $40,561,000 after buying an additional 28,279 shares during the period. 79.93% of the stock is currently owned by hedge funds and other institutional investors.
In other news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the sale, the chief operating officer now owns 94,702 shares in the company, valued at $7,770,299.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.
Several brokerages recently commented on AWK. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub downgraded American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Vetr downgraded American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. in a report on Wednesday, June 14th. Finally, Northcoast Research assumed coverage on American Water Works in a report on Thursday, May 25th. They set a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $82.86.
Shares of American Water Works (NYSE:AWK) opened at 82.68 on Friday. American Water Works has a one year low of $69.41 and a one year high of $83.06. The company has a market capitalization of $14.74 billion, a P/E ratio of 31.21 and a beta of 0.25. The stock has a 50 day moving average price of $81.51 and a 200-day moving average price of $79.10.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.07). American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $869.52 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that American Water Works will post $3.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, August 7th. American Water Works’s dividend payout ratio is presently 62.64%.
American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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