Venturi Wealth Management LLC Has $4.05 Million Position in American Water Works (AWK)

Venturi Wealth Management LLC increased its stake in American Water Works (NYSE:AWK) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 49,521 shares of the utilities provider’s stock after purchasing an additional 1,354 shares during the quarter. Venturi Wealth Management LLC’s holdings in American Water Works were worth $4,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC lifted 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 worth $133,469,000 after buying an additional 1,691,362 shares during the last quarter. Vanguard Group Inc. lifted 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 worth $1,417,580,000 after buying an additional 465,748 shares during the last quarter. Ardevora Asset Management LLP acquired a new position in shares of American Water Works during the third quarter worth approximately $33,574,000. JPMorgan Chase & Co. lifted its holdings in shares of American Water Works by 56.8% during the third quarter. JPMorgan Chase & Co. now owns 853,175 shares of the utilities provider’s stock worth $69,200,000 after buying an additional 309,177 shares during the last quarter. Finally, Alliancebernstein L.P. lifted 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 worth $103,652,000 after buying an additional 269,907 shares during the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

In other American Water Works news, insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now directly owns 3,659 shares in the company, valued at $328,395.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value of $75,715.23. The disclosure for this sale can be found here. Insiders sold 6,856 shares of company stock valued at $616,700 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on AWK. Robert W. Baird reiterated a “hold” rating and set a $82.00 price target on shares of American Water Works in a report on Sunday, October 1st. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. Bank of America began coverage on American Water Works in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target for the company. Janney Montgomery Scott lowered American Water Works from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Wells Fargo & Company set a $89.00 price target on American Water Works and gave the stock a “hold” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.63.

American Water Works (NYSE:AWK) opened at $90.66 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The company has a market capitalization of $16,289.24, a price-to-earnings ratio of 31.49, a P/E/G ratio of 4.01 and a beta of 0.27. American Water Works has a 12 month low of $69.96 and a 12 month high of $91.97.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a $0.415 dividend. The ex-dividend date was Thursday, November 9th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.83%. American Water Works’s payout ratio is 56.27%.

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

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