Voya Investment Management LLC Sells 2,532 Shares of American Water Works (AWK)

Voya Investment Management LLC decreased its position in American Water Works (NYSE:AWK) by 2.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,161 shares of the utilities provider’s stock after selling 2,532 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of American Water Works worth $7,574,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board lifted its holdings in American Water Works by 13.8% in the second quarter. Ontario Teachers Pension Plan Board now owns 96,555 shares of the utilities provider’s stock valued at $7,526,000 after acquiring an additional 11,694 shares during the period. Veritable L.P. lifted its holdings in American Water Works by 130.8% in the second quarter. Veritable L.P. now owns 18,213 shares of the utilities provider’s stock valued at $1,420,000 after acquiring an additional 10,321 shares during the period. Evercore Wealth Management LLC lifted its holdings in American Water Works by 8.2% in the second quarter. Evercore Wealth Management LLC now owns 2,500 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 189 shares during the period. Blackstart Capital LP bought a new position in American Water Works in the second quarter valued at about $12,960,000. Finally, Dimensional Fund Advisors LP lifted its holdings in American Water Works by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 423,534 shares of the utilities provider’s stock valued at $33,015,000 after acquiring an additional 5,062 shares during the period. 79.77% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Voya Investment Management LLC Sells 2,532 Shares of American Water Works (AWK)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/voya-investment-management-llc-sells-2532-shares-of-american-water-works-awk.html.

Shares of American Water Works (NYSE:AWK) opened at 83.21 on Tuesday. American Water Works has a 12 month low of $69.41 and a 12 month high of $83.54. The stock has a market cap of $14.83 billion, a PE ratio of 31.41 and a beta of 0.25. The firm has a 50-day moving average price of $81.86 and a 200-day moving average price of $79.77.

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 the Thomson Reuters’ consensus estimate of $0.80 by ($0.07). The company had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. Equities analysts forecast that American Water Works will post $3.00 EPS for the current year.

In other news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

A number of research analysts have weighed in on the company. 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. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, July 11th. Boenning Scattergood reissued a

A number of other hedge funds have also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board lifted its holdings in American Water Works by 13.8% in the second quarter. Ontario Teachers Pension Plan Board now owns 96,555 shares of the utilities provider’s stock valued at $7,526,000 after acquiring an additional 11,694 shares during the period. Veritable L.P. lifted its holdings in American Water Works by 130.8% in the second quarter. Veritable L.P. now owns 18,213 shares of the utilities provider’s stock valued at $1,420,000 after acquiring an additional 10,321 shares during the period. Evercore Wealth Management LLC lifted its holdings in American Water Works by 8.2% in the second quarter. Evercore Wealth Management LLC now owns 2,500 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 189 shares during the period. Blackstart Capital LP bought a new position in American Water Works in the second quarter valued at about $12,960,000. Finally, Dimensional Fund Advisors LP lifted its holdings in American Water Works by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 423,534 shares of the utilities provider’s stock valued at $33,015,000 after acquiring an additional 5,062 shares during the period. 79.77% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Voya Investment Management LLC Sells 2,532 Shares of American Water Works (AWK)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/voya-investment-management-llc-sells-2532-shares-of-american-water-works-awk.html.

Shares of American Water Works (NYSE:AWK) opened at 83.21 on Tuesday. American Water Works has a 12 month low of $69.41 and a 12 month high of $83.54. The stock has a market cap of $14.83 billion, a PE ratio of 31.41 and a beta of 0.25. The firm has a 50-day moving average price of $81.86 and a 200-day moving average price of $79.77.

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 the Thomson Reuters’ consensus estimate of $0.80 by ($0.07). The company had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. Equities analysts forecast that American Water Works will post $3.00 EPS for the current year.

In other news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

A number of research analysts have weighed in on the company. 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. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, July 11th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $82.00 target price on shares of American Water Works in a report on Sunday, October 1st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. American Water Works has an average rating of “Hold” and a consensus price target of $82.86.

About American Water Works

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.

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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