Janus Henderson Group PLC raised its position in American Water Works (NYSE:AWK) by 8,104.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,712,232 shares of the utilities provider’s stock after purchasing an additional 1,691,362 shares during the period. Janus Henderson Group PLC owned about 0.96% of American Water Works worth $133,469,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors Inc. grew its holdings in 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 purchasing an additional 1,045 shares during the last quarter. Parallel Advisors LLC grew its holdings in 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 purchasing an additional 294 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in American Water Works in the second quarter valued at $118,000. Van ECK Associates Corp grew its holdings in 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 purchasing an additional 236 shares during the last quarter. Finally, Peddock Capital Advisors LLC acquired a new stake in shares of American Water Works during the second quarter valued at $131,000. 79.63% of the stock is currently owned by institutional investors.
In other news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the transaction, the chief operating officer now owns 94,702 shares in the company, valued at $7,770,299.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.
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 consensus estimate of $0.80 by ($0.07). The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. American Water Works’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS.
AWK has been the topic of a number of analyst reports. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “hold” rating and set a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $82.86.
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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