AMP Capital Investors Ltd boosted its holdings in American Water Works (NYSE:AWK) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,559 shares of the utilities provider’s stock after purchasing an additional 13,599 shares during the period. AMP Capital Investors Ltd owned about 0.22% of American Water Works worth $31,358,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in AWK. Pinebridge Investments L.P. acquired a new stake in American Water Works in the second quarter valued at $118,000. Peddock Capital Advisors LLC acquired a new stake in shares of American Water Works during the 2nd quarter worth about $131,000. Aviance Capital Management LLC acquired a new stake in shares of American Water Works during the 2nd quarter worth about $147,000. Almanack Investment Partners LLC. acquired a new stake in shares of American Water Works during the 2nd quarter worth about $154,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of American Water Works by 8.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock worth $190,000 after buying an additional 197 shares during the last quarter. 81.11% of the stock is owned by institutional investors and hedge funds.
AWK has been the subject of a number of research reports. 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. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird raised their price target on shares of American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Thursday, November 2nd. One 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’s stock. American Water Works presently has a consensus rating of “Hold” and an average target price of $85.63.
In related news, EVP Michael A. Sgro sold 841 shares of American Water Works stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total transaction of $75,715.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Deborah A. Degillio sold 822 shares of American Water Works stock in a transaction that occurred on Wednesday, November 8th. The stock was 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 in the company, valued at $328,395.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,856 shares of company stock worth $616,700. 0.34% of the stock is owned by corporate insiders.
Shares of American Water Works (AWK) traded up $0.47 during trading on Friday, hitting $90.82. 1,617,267 shares of the company traded hands, compared to its average volume of 840,349. The company has a market cap of $16,116.22, a price-to-earnings ratio of 31.16, a PEG ratio of 4.16 and a beta of 0.27. 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 has a 12 month low of $69.96 and a 12 month high of $92.37.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $936.00 million for the quarter, compared to analyst estimates of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 EPS. equities research analysts predict that American Water Works will post 3.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 annualized dividend and a yield of 1.83%. American Water Works’s dividend payout ratio is presently 56.27%.
American Water Works Company 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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