American Water Works (AWK) Shares Sold by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. lowered its position in shares of American Water Works (NYSE:AWK) by 35.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,869 shares of the utilities provider’s stock after selling 51,035 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.05% of American Water Works worth $7,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AWK. Janus Henderson Group PLC raised its holdings in shares of American Water Works by 8,104.3% during the second quarter. Janus Henderson Group PLC now owns 1,712,232 shares of the utilities provider’s stock valued at $133,469,000 after purchasing an additional 1,691,362 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of American Water Works by 7,096.4% during the second quarter. Harbour Capital Advisors LLC now owns 655,949 shares of the utilities provider’s stock valued at $8,415,000 after purchasing an additional 646,834 shares during the period. Vanguard Group Inc. raised its holdings in shares of American Water Works by 2.6% during the second quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock valued at $1,417,580,000 after purchasing an additional 465,748 shares during the period. Alliancebernstein L.P. raised its holdings in shares of American Water Works by 25.5% during the second quarter. Alliancebernstein L.P. now owns 1,329,726 shares of the utilities provider’s stock valued at $103,652,000 after purchasing an additional 269,907 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of American Water Works by 11.0% during the second quarter. Wells Fargo & Company MN now owns 2,532,449 shares of the utilities provider’s stock valued at $197,405,000 after purchasing an additional 251,271 shares during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.

In other American Water Works news, EVP Michael A. Sgro sold 841 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Walter Lynch sold 15,169 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $82.00, for a total transaction of $1,243,858.00. Following the completion of the sale, the chief operating officer now owns 111,171 shares of the company’s stock, valued at approximately $9,116,022. The disclosure for this sale can be found here. Insiders sold a total of 25,360 shares of company stock worth $2,134,195 in the last 90 days. 0.34% of the stock is currently owned by company insiders.

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Several brokerages have recently weighed in on AWK. Robert W. Baird reiterated a “hold” rating and set a $82.00 price objective on shares of American Water Works in a report on Sunday, October 1st. BidaskClub lowered shares of American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Bank of America Corporation began coverage on shares of American Water Works in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of American Water Works from a “hold” rating to a “sell” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $85.63.

Shares of American Water Works (AWK) opened at $89.02 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. American Water Works has a fifty-two week low of $69.96 and a fifty-two week high of $91.39. The firm has a market cap of $15,878.94, a PE ratio of 30.70, a P/E/G ratio of 3.90 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The company had revenue of $936.00 million for the quarter, compared to analyst estimates of $992.58 million. During the same quarter in the prior year, the business posted $1.05 EPS. The firm’s revenue was up .6% compared to the same quarter last year. analysts expect that American Water Works will post 3.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.415 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.86%. American Water Works’s dividend payout ratio is presently 56.27%.

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

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