Atom Investors LP boosted its holdings in American Water Works Company Inc (NYSE:AWK) by 48.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 25,093 shares of the utilities provider’s stock after purchasing an additional 8,230 shares during the period. Atom Investors LP’s holdings in American Water Works were worth $3,228,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of AWK. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of American Water Works by 1.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,987 shares of the utilities provider’s stock worth $4,303,000 after buying an additional 615 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of American Water Works by 10.2% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 35,032 shares of the utilities provider’s stock valued at $4,188,000 after purchasing an additional 3,251 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of American Water Works by 8.5% in the first quarter. The Manufacturers Life Insurance Company now owns 199,329 shares of the utilities provider’s stock worth $23,831,000 after purchasing an additional 15,690 shares during the last quarter. State Street Corp increased its stake in shares of American Water Works by 2.4% in the first quarter. State Street Corp now owns 10,107,586 shares of the utilities provider’s stock worth $1,208,463,000 after buying an additional 241,164 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in American Water Works by 56.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,497 shares of the utilities provider’s stock valued at $579,000 after buying an additional 1,627 shares during the last quarter. Institutional investors and hedge funds own 82.51% of the company’s stock.
AWK has been the topic of a number of analyst reports. Wells Fargo & Co restated a “hold” rating on shares of American Water Works in a research report on Thursday, August 6th. Janney Montgomery Scott upped their price target on American Water Works to $153.00 and gave the company a “buy” rating in a research report on Friday, August 7th. UBS Group lifted their price objective on American Water Works from $127.00 to $139.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. HSBC downgraded American Water Works from a “buy” rating to a “hold” rating and set a $142.00 target price for the company. in a report on Friday, August 28th. Finally, Barclays initiated coverage on shares of American Water Works in a report on Wednesday, July 15th. They issued an “equal weight” rating and a $138.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $136.23.
In other news, SVP Maureen Duffy sold 4,659 shares of American Water Works stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $149.80, for a total transaction of $697,918.20. Following the transaction, the senior vice president now directly owns 21,606 shares of the company’s stock, valued at approximately $3,236,578.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cheryl Norton sold 609 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $143.78, for a total transaction of $87,562.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,722 shares of company stock valued at $2,043,605. Company insiders own 0.30% of the company’s stock.
AWK stock traded up $0.69 on Friday, reaching $143.17. 954,231 shares of the company traded hands, compared to its average volume of 620,673. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.90 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $144.31 and a 200-day simple moving average of $130.73. American Water Works Company Inc has a one year low of $92.00 and a one year high of $150.47. The company has a market cap of $25.94 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 4.62 and a beta of 0.20.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. American Water Works had a return on equity of 10.79% and a net margin of 17.29%. The firm had revenue of $931.00 million during the quarter, compared to analyst estimates of $916.88 million. On average, sell-side analysts forecast that American Water Works Company Inc will post 3.83 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th were paid a $0.55 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.54%. American Water Works’s dividend payout ratio is presently 60.94%.
About American Water Works
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
See Also: Dividend Reinvestment Plan (DRIP)
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