Personal Capital Advisors Corp increased its position in shares of American Water Works Company Inc (NYSE:AWK) by 47.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,088 shares of the utilities provider’s stock after purchasing an additional 2,596 shares during the quarter. Personal Capital Advisors Corp’s holdings in American Water Works were worth $712,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley lifted its stake in American Water Works by 6.6% during the second quarter. Morgan Stanley now owns 1,537,902 shares of the utilities provider’s stock worth $131,307,000 after purchasing an additional 94,686 shares during the last quarter. Carillon Tower Advisers Inc. lifted its stake in American Water Works by 1,172.0% during the second quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock worth $26,092,000 after purchasing an additional 281,575 shares during the last quarter. Cadence Capital Management LLC bought a new position in American Water Works during the second quarter worth $226,000. Unigestion Holding SA bought a new position in American Water Works during the second quarter worth $24,107,000. Finally, Raymond James & Associates lifted its stake in American Water Works by 21.1% during the second quarter. Raymond James & Associates now owns 174,156 shares of the utilities provider’s stock worth $14,869,000 after purchasing an additional 30,321 shares during the last quarter. Hedge funds and other institutional investors own 83.37% of the company’s stock.
Several brokerages have weighed in on AWK. ValuEngine lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Zacks Investment Research lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Evercore ISI began coverage on American Water Works in a research report on Monday, September 17th. They issued an “outperform” rating and a $96.00 target price on the stock. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, June 28th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. American Water Works has a consensus rating of “Buy” and an average price target of $90.42.
Shares of NYSE AWK opened at $87.73 on Friday. American Water Works Company Inc has a 1-year low of $76.04 and a 1-year high of $92.37. 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 firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 3.45 and a beta of 0.11.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.02. American Water Works had a return on equity of 10.32% and a net margin of 13.94%. The firm had revenue of $853.00 million for the quarter, compared to analyst estimates of $866.02 million. During the same period last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that American Water Works Company Inc will post 3.27 EPS for the current fiscal year.
In other news, COO Walter Lynch sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $89.57, for a total transaction of $895,700.00. Following the transaction, the chief operating officer now directly owns 112,031 shares of the company’s stock, valued at $10,034,616.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Melanie M. Kennedy sold 1,114 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $88.78, for a total value of $98,900.92. The disclosure for this sale can be found here. Insiders sold 21,634 shares of company stock worth $1,918,888 over the last ninety days. 0.35% of the stock is owned by corporate insiders.
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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