Nuance Investments LLC increased its stake in shares of American Water Works Company Inc (NYSE:AWK) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,330 shares of the utilities provider’s stock after buying an additional 838 shares during the quarter. Nuance Investments LLC’s holdings in American Water Works were worth $3,873,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in American Water Works by 8.5% in the third quarter. Wells Fargo & Company MN now owns 2,748,900 shares of the utilities provider’s stock valued at $222,414,000 after purchasing an additional 216,451 shares during the period. Bessemer Group Inc. raised its position in American Water Works by 0.6% in the third quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock valued at $157,514,000 after purchasing an additional 11,197 shares during the period. Impax Asset Management LTD raised its position in American Water Works by 5.7% in the third quarter. Impax Asset Management LTD now owns 1,937,460 shares of the utilities provider’s stock valued at $156,760,000 after purchasing an additional 105,051 shares during the period. Cohen & Steers Inc. raised its position in American Water Works by 8.7% in the third quarter. Cohen & Steers Inc. now owns 1,704,908 shares of the utilities provider’s stock valued at $137,944,000 after purchasing an additional 136,144 shares during the period. Finally, Legal & General Group Plc raised its position in American Water Works by 6.3% in the third quarter. Legal & General Group Plc now owns 1,608,269 shares of the utilities provider’s stock valued at $130,121,000 after purchasing an additional 95,898 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.
American Water Works Company Inc (NYSE:AWK) traded up $0.62 during trading hours on Thursday, hitting $80.80. The stock had a trading volume of 947,975 shares, compared to its average volume of 1,150,000. The firm has a market cap of $14,430.00, a PE ratio of 26.23, a P/E/G ratio of 3.28 and a beta of 0.19. American Water Works Company Inc has a twelve month low of $74.63 and a twelve month high of $92.37. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 1.21.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. American Water Works had a return on equity of 10.03% and a net margin of 12.69%. The business had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $843.36 million. During the same period in the prior year, the firm posted $0.57 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. research analysts forecast that American Water Works Company Inc will post 3.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Tuesday, February 6th. American Water Works’s payout ratio is currently 53.90%.
Several equities research analysts recently issued reports on AWK shares. Bank of America downgraded American Water Works from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $85.70 to $91.00 in a report on Thursday, January 11th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Tuesday, December 19th. Guggenheim downgraded American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Argus boosted their target price on American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, December 29th. Finally, Robert W. Baird reissued a “neutral” rating and set a $88.00 target price (down from $91.00) on shares of American Water Works in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $88.89.
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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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