M&R Capital Management Inc. cut its position in American Water Works (NYSE:AWK) by 48.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,591 shares of the utilities provider’s stock after selling 17,401 shares during the period. M&R Capital Management Inc.’s holdings in American Water Works were worth $1,500,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its position in shares of American Water Works by 349.5% during the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 1,045 shares in the last quarter. Parallel Advisors LLC increased its stake 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 in the last quarter. Pinebridge Investments L.P. bought a new stake in American Water Works in the second quarter valued at approximately $118,000. Van ECK Associates Corp increased its stake 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 in the last quarter. Finally, Peddock Capital Advisors LLC bought a new stake in American Water Works in the second quarter valued at approximately $131,000. Hedge funds and other institutional investors own 79.63% of the company’s stock.
In other American Water Works news, COO Walter Lynch sold 3,335 shares of American Water Works stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the sale, the chief operating officer now owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.
American Water Works (NYSE:AWK) remained flat at $86.03 during trading on Wednesday. 238,851 shares of the stock were exchanged. The firm’s 50-day moving average price is $82.18 and its 200 day moving average price is $79.99. The firm has a market capitalization of $15.34 billion, a PE ratio of 32.48 and a beta of 0.25. American Water Works has a 12 month low of $69.41 and a 12 month high of $86.26.
American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share 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 company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $869.52 million. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that American Water Works will post $3.00 EPS for the current year.
AWK has been the subject of several research reports. BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Tuesday, July 11th. Robert W. Baird restated a “hold” rating and set a $82.00 target price on shares of American Water Works in a report on Sunday, October 1st. Finally, Boenning Scattergood reiterated 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 given a buy rating to the stock. American Water Works currently has a consensus rating of “Hold” and a consensus target price of $82.86.
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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