1 week Ago By ABMN Staff
Arizona State Retirement System lessened its position in shares of American Water Works Company, Inc. ( NYSE:AWK – Free Report ) by 4.2% in the 2nd quarter, HoldingsChannel.
com reports. The institutional investor owned 53,517 shares of the utilities provider’s stock after selling 2,357 shares during the quarter. Arizona State Retirement System’s holdings in American Water Works were worth $6,912,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division increased its position in American Water Works by 2.0% during the 2nd quarter.
Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 88 shares during the period. State of Alaska Department of Revenue increased its holdings in American Water Works by 0.5% during the first quarter.
State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock valued at $2,581,000 after buying an additional 95 shares during the period. Journey Advisory Group LLC raised its stake in American Water Works by 5.6% in the fourth quarter.
Journey Advisory Group LLC now owns 1,900 shares of the utilities provider’s stock worth $251,000 after buying an additional 100 shares in the last quarter. Presima Securities ULC lifted its holdings in American Water Works by 1.9% during the fourth quarter.
Presima Securities ULC now owns 5,470 shares of the utilities provider’s stock worth $722,000 after buying an additional 100 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in American Water Works by 71.9% during the 4th 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 in the last quarter. Institutional investors own 86.58% of the company’s stock.
Insiders Place Their Bets In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.
50. Following the transaction, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
0.08% of the stock is currently owned by insiders. American Water Works Price Performance American Water Works ( NYSE:AWK – Get Free Report ) last released its earnings results on Wednesday, July 31st.
The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.
05). American Water Works had a return on equity of 9.60% and a net margin of 21.
93%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.
10 billion. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis.
During the same period in the prior year, the firm posted $1.44 EPS. As a group, equities analysts forecast that American Water Works Company, Inc.
will post 5.26 earnings per share for the current fiscal year. American Water Works Announces Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th.
Investors of record on Tuesday, August 13th were paid a $0.765 dividend. The ex-dividend date was Tuesday, August 13th.
This represents a $3.06 dividend on an annualized basis and a yield of 2.13%.
American Water Works’s dividend payout ratio (DPR) is 62.07%. Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on AWK shares.
Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st.
UBS Group lifted their price objective on shares of American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th.
Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $141.
17. View Our Latest Analysis on AWK American Water Works Company Profile ( 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 ). Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.
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