National Asset Management Inc. decreased its position in American Water Works (NYSE:AWK) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,219 shares of the utilities provider’s stock after selling 83 shares during the period. National Asset Management Inc.’s holdings in American Water Works were worth $953,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank increased its holdings in American Water Works by 3.1% in the second quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock valued at $54,715,000 after buying an additional 21,000 shares in the last quarter. Scout Investments Inc. increased its holdings in American Water Works by 5.7% in the second quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock valued at $40,561,000 after buying an additional 28,279 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in American Water Works by 9.4% in the second quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock valued at $85,920,000 after buying an additional 95,303 shares in the last quarter. Prudential Financial Inc. increased its holdings in American Water Works by 1.3% in the second quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock valued at $20,039,000 after buying an additional 3,368 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in American Water Works by 93.3% in the second quarter. State of Wisconsin Investment Board now owns 92,431 shares of the utilities provider’s stock valued at $7,205,000 after buying an additional 44,620 shares in the last quarter. 79.77% of the stock is owned by institutional investors.
In other news, COO Walter Lynch sold 15,169 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $82.00, for a total value of $1,243,858.00. Following the completion of the transaction, the chief operating officer now owns 111,171 shares in the company, valued at approximately $9,116,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.
Shares of American Water Works (AWK) traded up 0.22% during mid-day trading on Friday, hitting $85.29. 276,638 shares of the stock traded hands. The firm’s 50 day moving average price is $82.08 and its 200 day moving average price is $79.89. American Water Works has a 12-month low of $69.41 and a 12-month high of $85.78. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 32.20 and a beta of 0.25.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. On average, equities research analysts predict that American Water Works will post $3.00 EPS for the current fiscal year.
A number of research analysts have weighed in on AWK shares. BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Tuesday, July 11th. Robert W. Baird reaffirmed a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a report on Sunday, October 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $82.86.
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American Water Works Profile
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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