OppenheimerFunds Inc. Sells 36,804 Shares of American Water Works Company Inc (AWK)

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OppenheimerFunds Inc. trimmed its holdings in American Water Works Company Inc (NYSE:AWK) by 30.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,348 shares of the utilities provider’s stock after selling 36,804 shares during the period. OppenheimerFunds Inc.’s holdings in American Water Works were worth $7,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AWK. US Bancorp DE grew its stake in American Water Works by 5.8% in the 1st quarter. US Bancorp DE now owns 54,917 shares of the utilities provider’s stock valued at $4,511,000 after buying an additional 3,027 shares in the last quarter. Scout Investments Inc. purchased a new position in shares of American Water Works during the 1st quarter valued at $3,343,000. Toronto Dominion Bank grew its position in shares of American Water Works by 25.3% during the 1st quarter. Toronto Dominion Bank now owns 96,238 shares of the utilities provider’s stock valued at $7,902,000 after purchasing an additional 19,407 shares in the last quarter. Smithfield Trust Co. grew its position in shares of American Water Works by 268.7% during the 1st quarter. Smithfield Trust Co. now owns 1,825 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Natixis Advisors L.P. grew its position in shares of American Water Works by 107.0% during the 1st quarter. Natixis Advisors L.P. now owns 62,528 shares of the utilities provider’s stock valued at $5,136,000 after purchasing an additional 32,327 shares in the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

Shares of NYSE AWK traded up $0.28 during mid-day trading on Friday, reaching $87.73. 966,949 shares of the company were exchanged, compared to its average volume of 893,700. American Water Works Company Inc has a 52 week low of $76.04 and a 52 week high of $92.37. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.27 and a current ratio of 0.28. The company has a market capitalization of $15.88 billion, a P/E ratio of 28.95, a P/E/G ratio of 3.45 and a beta of 0.11.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The company had revenue of $853.00 million during the quarter, compared to the consensus estimate of $866.02 million. During the same period in the previous year, the firm posted $0.73 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts forecast that American Water Works Company Inc will post 3.27 EPS for the current fiscal year.

A number of research analysts have recently commented on AWK shares. ValuEngine lowered shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Zacks Investment Research lowered shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Evercore ISI started coverage on shares of American Water Works in a research report on Monday, September 17th. They set an “outperform” rating and a $96.00 price target for the company. Finally, Boenning Scattergood restated 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’s stock. The stock currently has an average rating of “Buy” and an average target price of $90.42.

In other news, COO Walter Lynch sold 10,000 shares of American Water Works stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 112,031 shares of the company’s stock, valued at approximately $10,034,616.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Loyd A. Warnock sold 10,520 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 12,322 shares of the company’s stock, valued at $1,082,610.92. The disclosure for this sale can be found here. Insiders have sold a total of 21,634 shares of company stock valued at $1,918,888 over the last ninety days. 0.35% of the stock is currently owned by 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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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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