Brasada Capital Management LP Increases Position in American Water Works Company Inc (AWK)

Brasada Capital Management LP lifted its position in American Water Works Company Inc (NYSE:AWK) by 2.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,010 shares of the utilities provider’s stock after purchasing an additional 823 shares during the period. Brasada Capital Management LP’s holdings in American Water Works were worth $3,532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd boosted its holdings in shares of American Water Works by 45.3% in the first quarter. Dynamic Technology Lab Private Ltd now owns 5,749 shares of the utilities provider’s stock valued at $472,000 after purchasing an additional 1,792 shares during the period. Shamrock Asset Management LLC boosted its holdings in shares of American Water Works by 5,952.6% in the first quarter. Shamrock Asset Management LLC now owns 13,013 shares of the utilities provider’s stock valued at $1,048,000 after purchasing an additional 12,798 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of American Water Works by 44.1% in the first quarter. Suntrust Banks Inc. now owns 24,408 shares of the utilities provider’s stock valued at $2,004,000 after purchasing an additional 7,466 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of American Water Works by 6.3% in the first quarter. Allianz Asset Management GmbH now owns 843,738 shares of the utilities provider’s stock valued at $69,296,000 after purchasing an additional 50,168 shares during the period. Finally, Summit X LLC boosted its holdings in shares of American Water Works by 20.0% in the first quarter. Summit X LLC now owns 5,375 shares of the utilities provider’s stock valued at $440,000 after purchasing an additional 895 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

AWK has been the subject of a number of research reports. Bank of America set a $84.00 price target on American Water Works and gave the company a “hold” rating in a report on Thursday, February 22nd. Robert W. Baird reiterated a “neutral” rating and issued a $88.00 price target (down previously from $91.00) on shares of American Water Works in a report on Thursday, February 22nd. Guggenheim reiterated a “hold” rating and issued a $82.00 price target on shares of American Water Works in a report on Friday, February 23rd. Wells Fargo & Co upgraded American Water Works from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $80.63 to $88.00 in a report on Monday, February 26th. Finally, UBS Group assumed coverage on American Water Works in a report on Thursday, March 8th. They set a “buy” rating and a $89.00 target price for the company. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.68.

American Water Works opened at $83.17 on Thursday, Marketbeat Ratings reports. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 1.17. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 3.25 and a beta of 0.15. American Water Works Company Inc has a twelve month low of $76.04 and a twelve month high of $92.37.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, May 2nd. The utilities provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $761.00 million during the quarter, compared to analyst estimates of $726.74 million. American Water Works had a return on equity of 10.20% and a net margin of 13.06%. American Water Works’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. analysts anticipate that American Water Works Company Inc will post 3.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.82 dividend on an annualized basis and a yield of 2.19%. This is a positive change from American Water Works’s previous quarterly dividend of $0.42. American Water Works’s dividend payout ratio is currently 60.07%.

In other news, EVP Michael A. Sgro sold 16,026 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $80.54, for a total transaction of $1,290,734.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Loyd A. Warnock sold 2,870 shares of the company’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $81.45, for a total value of $233,761.50. Following the transaction, the senior vice president now directly owns 14,410 shares in the company, valued at $1,173,694.50. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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

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