American Water Works Company Inc (AWK) Position Boosted by Murphy Capital Management Inc.

Murphy Capital Management Inc. lifted its position in shares of American Water Works Company Inc (NYSE:AWK) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,530 shares of the utilities provider’s stock after buying an additional 675 shares during the quarter. Murphy Capital Management Inc.’s holdings in American Water Works were worth $1,542,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Centaurus Financial Inc. purchased a new position in shares of American Water Works during the second quarter valued at approximately $126,000. Edge Wealth Management LLC purchased a new position in shares of American Water Works during the second quarter valued at approximately $149,000. McKinley Carter Wealth Services Inc. purchased a new position in shares of American Water Works during the first quarter valued at approximately $148,000. Rampart Investment Management Company LLC purchased a new position in shares of American Water Works during the second quarter valued at approximately $155,000. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of American Water Works during the first quarter valued at approximately $152,000. 83.37% of the stock is currently owned by institutional investors and hedge funds.

In other American Water Works news, COO Walter Lynch sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total transaction of $895,700.00. Following the transaction, the chief operating officer now owns 112,031 shares of the company’s stock, valued at $10,034,616.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Loyd A. Warnock sold 10,520 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the transaction, the senior vice president now directly owns 12,322 shares in the company, valued at approximately $1,082,610.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,634 shares of company stock worth $1,918,888. 0.35% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on AWK shares. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Wednesday, June 13th. Boenning Scattergood reissued a “neutral” rating on shares of American Water Works in a research note on Thursday, June 28th. ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Evercore ISI started coverage on shares of American Water Works in a research note on Monday, September 17th. They set an “outperform” rating and a $96.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $90.42.

NYSE:AWK opened at $90.49 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 1.11. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 3.45 and a beta of 0.11. American Water Works Company Inc has a fifty-two week low of $76.04 and a fifty-two week high of $92.37.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. The company had revenue of $853.00 million for the quarter, compared to the consensus estimate of $866.02 million. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. American Water Works’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. On average, equities analysts predict that American Water Works Company Inc will post 3.27 earnings per share for the current fiscal year.

American Water Works Company 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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