Trust Co. of Vermont continued to hold its position in American Water Works (NYSE:AWK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,534 shares of the utilities provider’s stock at the end of the second quarter. Trust Co. of Vermont’s holdings in American Water Works were worth $275,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in American Water Works by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 408,685 shares of the utilities provider’s stock valued at $29,574,000 after buying an additional 2,085 shares during the period. Thrivent Financial for Lutherans boosted its stake in American Water Works by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,180 shares of the utilities provider’s stock valued at $447,000 after buying an additional 340 shares during the period. Quadrature Capital Ltd boosted its stake in American Water Works by 152.1% in the fourth quarter. Quadrature Capital Ltd now owns 14,761 shares of the utilities provider’s stock valued at $1,068,000 after buying an additional 8,905 shares during the period. Teachers Advisors LLC boosted its stake in American Water Works by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 975,242 shares of the utilities provider’s stock valued at $70,569,000 after buying an additional 36,014 shares during the period. Finally, Kentucky Retirement Systems purchased a new stake in American Water Works during the fourth quarter valued at $935,000. Hedge funds and other institutional investors own 81.08% of the company’s stock.
American Water Works (NYSE AWK) traded down 0.10% during mid-day trading on Tuesday, hitting $81.31. The company’s stock had a trading volume of 585,675 shares. American Water Works has a 52-week low of $69.41 and a 52-week high of $82.89. The company’s 50 day moving average is $80.00 and its 200-day moving average is $77.33. The stock has a market cap of $14.47 billion, a P/E ratio of 30.67 and a beta of 0.25.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The business had revenue of $844 million during the quarter, compared to analyst estimates of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. On average, equities analysts predict that American Water Works will post $3.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.04%. American Water Works’s payout ratio is currently 62.64%.
Several equities analysts have issued reports on the company. Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. in a research report on Wednesday, June 14th. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research downgraded American Water Works from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Northcoast Research began coverage on American Water Works in a report on Thursday, May 25th. They set a “neutral” rating for the company. Finally, Robert W. Baird downgraded American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $69.41 to $82.00 in a report on Wednesday, April 26th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. American Water Works currently has an average rating of “Hold” and a consensus price target of $82.63.
In related news, SVP Loyd A. Warnock sold 1,263 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total transaction of $94,990.23. Following the completion of the transaction, the senior vice president now owns 7,055 shares in the company, valued at $530,606.55. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.
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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