Pacad Investment Ltd. purchased a new position in American Water Works (NYSE:AWK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,200 shares of the utilities provider’s stock, valued at approximately $405,000.
A number of other hedge funds have also modified their holdings of the business. ARGA Investment Management LP bought a new position in shares of American Water Works in the second quarter worth $2,081,000. Scout Investments Inc. grew its position in American Water Works by 5.7% in the second quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock worth $40,561,000 after acquiring an additional 28,279 shares in the last quarter. Principal Financial Group Inc. grew its position in American Water Works by 18.4% in the second quarter. Principal Financial Group Inc. now owns 522,269 shares of the utilities provider’s stock worth $40,711,000 after acquiring an additional 81,098 shares in the last quarter. Homrich & Berg grew its position in American Water Works by 1.9% in the second quarter. Homrich & Berg now owns 3,800 shares of the utilities provider’s stock worth $296,000 after acquiring an additional 72 shares in the last quarter. Finally, IndexIQ Advisors LLC grew its position in American Water Works by 90.8% in the second quarter. IndexIQ Advisors LLC now owns 17,050 shares of the utilities provider’s stock worth $1,330,000 after acquiring an additional 8,113 shares in the last quarter. 79.93% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on AWK shares. Northcoast Research started coverage on shares of American Water Works in a report on Thursday, May 25th. They set a “neutral” rating for the company. BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Tuesday, July 11th. Finally, Vetr downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a research note on Wednesday, June 14th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $82.86.
In other American Water Works news, COO Walter Lynch sold 15,169 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $82.00, for a total transaction of $1,243,858.00. Following the sale, the chief operating officer now directly owns 111,171 shares in the company, valued at approximately $9,116,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.
American Water Works (NYSE:AWK) traded down 0.28% during midday trading on Friday, hitting $82.04. 340,270 shares of the stock were exchanged. American Water Works has a 12 month low of $69.41 and a 12 month high of $83.06. The company has a market cap of $14.63 billion, a PE ratio of 30.97 and a beta of 0.25. The firm’s 50 day moving average price is $81.46 and its 200 day moving average price is $79.06.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.07). The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. American Water Works’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, equities research analysts forecast that American Water Works will post $3.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 9th were given a dividend of $0.415 per share. The ex-dividend date was Monday, August 7th. This represents a $1.66 annualized dividend and a dividend yield of 2.02%. American Water Works’s payout ratio is currently 62.64%.
American Water Works Company 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.
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with our FREE daily email newsletter.