AHL Partners LLP grew its stake in shares of American Water Works (NYSE:AWK) by 244.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,412 shares of the utilities provider’s stock after purchasing an additional 36,474 shares during the quarter. AHL Partners LLP’s holdings in American Water Works were worth $4,007,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Advisors Inc. raised its holdings in shares of American Water Works by 349.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 1,045 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 294 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in shares of American Water Works in the second quarter valued at about $118,000. Van ECK Associates Corp raised its holdings in shares of American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 236 shares in the last quarter. Finally, Peddock Capital Advisors LLC bought a new position in American Water Works in the second quarter worth about $131,000. 79.63% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating and issued a $82.00 target price on shares of American Water Works in a report on Sunday, October 1st. Finally, Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $82.86.
Shares of American Water Works (NYSE AWK) opened at 86.03 on Wednesday. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 32.48 and a beta of 0.25. The company has a 50-day moving average price of $82.18 and a 200-day moving average price of $79.99. American Water Works has a 12 month low of $69.41 and a 12 month high of $86.13.
American Water Works (NYSE:AWK) last released its 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). American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $869.52 million. During the same quarter in the previous year, the company earned $0.77 EPS. American Water Works’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that American Water Works will post $3.00 EPS for the current fiscal year.
In related news, COO Walter Lynch sold 3,335 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the sale, the chief operating officer now directly owns 94,702 shares in the company, valued at $7,770,299.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by company insiders.
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About American Water Works
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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