AMP Capital Investors Ltd grew its holdings in American Water Works (NYSE:AWK) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 387,559 shares of the utilities provider’s stock after acquiring an additional 13,599 shares during the period. AMP Capital Investors Ltd owned about 0.22% of American Water Works worth $31,358,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Pinebridge Investments L.P. acquired a new position in American Water Works during the second quarter worth $118,000. Peddock Capital Advisors LLC acquired a new stake in shares of American Water Works in the second quarter valued at about $131,000. Aviance Capital Management LLC acquired a new stake in shares of American Water Works in the second quarter valued at about $147,000. Almanack Investment Partners LLC. acquired a new stake in shares of American Water Works in the second quarter valued at about $154,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of American Water Works by 8.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock valued at $190,000 after buying an additional 197 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.
American Water Works (AWK) opened at $90.94 on Thursday. American Water Works has a 12 month low of $69.96 and a 12 month high of $91.97. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. The stock has a market cap of $16,171.51, a P/E ratio of 31.26, a P/E/G ratio of 3.98 and a beta of 0.27.
American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $992.58 million. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. equities research analysts forecast that American Water Works will post 3.01 EPS for the current fiscal year.
The company also recently declared 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 of this dividend was Thursday, November 9th. This represents a $1.66 dividend on an annualized basis and a yield of 1.83%. American Water Works’s dividend payout ratio is currently 56.27%.
In other American Water Works news, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total transaction of $73,774.50. Following the sale, the insider now owns 3,659 shares of the company’s stock, valued at $328,395.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Walter Lynch sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. Following the sale, the chief operating officer now directly owns 97,667 shares in the company, valued at approximately $8,785,146.65. The disclosure for this sale can be found here. Insiders sold 6,856 shares of company stock valued at $616,700 in the last quarter. 0.34% of the stock is owned by insiders.
Several equities research analysts recently issued reports on AWK shares. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. Wells Fargo & Company set a $89.00 target price on shares of American Water Works and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Robert W. Baird increased their target price on shares of American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. American Water Works has an average rating of “Hold” and an average target price of $85.63.
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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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