1 week Ago By ABMN Staff
Advisor OS LLC cut its holdings in American Water Works Company, Inc. ( NYSE:AWK – Free Report ) by 17.8% in the second quarter, HoldingsChannel reports.
The firm owned 2,673 shares of the utilities provider’s stock after selling 580 shares during the period. Advisor OS LLC’s holdings in American Water Works were worth $345,000 as of its most recent SEC filing. Several other hedge funds have also recently bought and sold shares of the business.
Ables Iannone Moore & Associates Inc. bought a new position in shares of American Water Works in the fourth quarter valued at approximately $26,000. ORG Partners LLC bought a new position in American Water Works in the 2nd quarter worth $30,000.
Farmers & Merchants Investments Inc. lifted its position in American Water Works by 100.0% during the 1st quarter.
Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 127 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in American Water Works by 71.
9% during the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Finally, Quarry LP acquired a new stake in shares of American Water Works in the fourth quarter valued at about $34,000.
86.58% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth AWK has been the subject of several recent analyst reports.
Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st.
UBS Group increased their price objective on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th.
Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and an average target price of $141.17.
Insiders Place Their Bets In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.
50. Following the completion of the transaction, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The sale was disclosed in a legal filing with the SEC, which is available at this link .
Corporate insiders own 0.08% of the company’s stock. American Water Works Price Performance Shares of AWK stock opened at $143.
94 on Monday. American Water Works Company, Inc. has a 12 month low of $113.
34 and a 12 month high of $149.00. The company has a market capitalization of $28.
04 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.40 and a beta of 0.
69. The stock has a 50 day moving average of $139.87 and a two-hundred day moving average of $129.
82. The company has a current ratio of 0.64, a quick ratio of 0.
58 and a debt-to-equity ratio of 1.24. American Water Works ( NYSE:AWK – Get Free Report ) last issued its earnings results on Wednesday, July 31st.
The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.
05). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.
10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.
93%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year.
During the same period last year, the business earned $1.44 earnings per share. As a group, equities analysts expect that American Water Works Company, Inc.
will post 5.26 EPS for the current year. American Water Works Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th.
Investors of record on Tuesday, August 13th were given a $0.765 dividend. This represents a $3.
06 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Tuesday, August 13th.
American Water Works’s dividend payout ratio (DPR) is presently 62.07%. About American Water Works ( Free Report ) American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States.
It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.
Further Reading Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. ( NYSE:AWK – Free Report ).
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