Security Asset Management grew its holdings in shares of American Water Works (NYSE:AWK) by 6.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,268 shares of the utilities provider’s stock after buying an additional 1,517 shares during the period. American Water Works accounts for about 1.7% of Security Asset Management’s holdings, making the stock its 25th largest holding. Security Asset Management’s holdings in American Water Works were worth $2,125,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Private Wealth Partners LLC lifted its holdings in shares of American Water Works by 3.5% in the 3rd quarter. Private Wealth Partners LLC now owns 65,573 shares of the utilities provider’s stock valued at $5,306,000 after purchasing an additional 2,203 shares during the last quarter. Crescent Grove Advisors LLC increased its position in American Water Works by 570.4% during the 3rd quarter. Crescent Grove Advisors LLC now owns 20,247 shares of the utilities provider’s stock worth $1,638,000 after purchasing an additional 17,227 shares during the period. BNP Paribas Arbitrage SA increased its position in American Water Works by 3.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 223,129 shares of the utilities provider’s stock worth $18,053,000 after purchasing an additional 7,403 shares during the period. Global X MANAGEMENT CO LLC increased its position in American Water Works by 17.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,938 shares of the utilities provider’s stock worth $642,000 after purchasing an additional 1,164 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its holdings in shares of American Water Works by 21.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 216,446 shares of the utilities provider’s stock worth $17,513,000 after acquiring an additional 38,299 shares during the period. 79.75% of the stock is owned by institutional investors.
In other American Water Works news, EVP Michael A. Sgro sold 841 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value of $75,715.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the completion of the transaction, the insider now directly owns 3,659 shares in the company, valued at approximately $328,395.25. The disclosure for this sale can be found here. Insiders sold 25,167 shares of company stock valued at $2,116,734 over the last quarter. Insiders own 0.34% of the company’s stock.
American Water Works (NYSE:AWK) traded down $0.57 during trading hours on Monday, reaching $88.74. The company had a trading volume of 693,300 shares, compared to its average volume of 852,730. The firm has a market capitalization of $15,829.03, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 3.89 and a beta of 0.25. American Water Works has a fifty-two week low of $69.79 and a fifty-two week high of $90.49. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.08. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. analysts expect that American Water Works will post 3.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.66 dividend on an annualized basis and a yield of 1.87%. American Water Works’s dividend payout ratio (DPR) is 56.27%.
A number of brokerages have commented on AWK. BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Robert W. Baird reaffirmed a “hold” rating and issued a $82.00 target price on shares of American Water Works in a research report on Sunday, October 1st. Bank of America Corporation began coverage on American Water Works in a research report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 target price on the stock. Finally, Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $85.63.
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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.
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