Kingfisher Capital LLC Sells 573 Shares of American Water Works (AWK)

Kingfisher Capital LLC cut its position in American Water Works (NYSE:AWK) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,805 shares of the utilities provider’s stock after selling 573 shares during the quarter. American Water Works comprises 1.3% of Kingfisher Capital LLC’s holdings, making the stock its 24th biggest position. Kingfisher Capital LLC’s holdings in American Water Works were worth $1,926,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Security Asset Management lifted its position in American Water Works by 6.1% in the 3rd quarter. Security Asset Management now owns 26,268 shares of the utilities provider’s stock valued at $2,125,000 after purchasing an additional 1,517 shares during the last quarter. Private Wealth Partners LLC raised its position in shares of American Water Works by 3.5% during the 3rd quarter. Private Wealth Partners LLC now owns 65,573 shares of the utilities provider’s stock worth $5,306,000 after buying an additional 2,203 shares in the last quarter. Crescent Grove Advisors LLC raised its position in shares of American Water Works by 570.4% during the 3rd quarter. Crescent Grove Advisors LLC now owns 20,247 shares of the utilities provider’s stock worth $1,638,000 after buying an additional 17,227 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of American Water Works by 3.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 223,129 shares of the utilities provider’s stock worth $18,053,000 after buying an additional 7,403 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its position in shares of American Water Works by 17.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,938 shares of the utilities provider’s stock worth $642,000 after buying an additional 1,164 shares in the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

A number of analysts have commented on AWK shares. Bank of America Corporation started coverage on shares of American Water Works in a research report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target on the stock. BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Wells Fargo & Company set a $89.00 price objective on shares of American Water Works and gave the stock a “hold” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.63.

American Water Works (NYSE:AWK) traded down $0.57 during mid-day trading on Monday, hitting $88.74. 693,300 shares of the company traded hands, compared to its average volume of 852,730. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49. The firm has a market capitalization of $15,829.03, a PE ratio of 30.60, a P/E/G ratio of 3.89 and a beta of 0.25. American Water Works has a twelve month low of $69.79 and a twelve month high of $90.49.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. analysts predict that American Water Works will post 3.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, November 9th. American Water Works’s payout ratio is 56.27%.

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In related 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 transaction, the chief operating officer now owns 111,171 shares of the company’s stock, valued at $9,116,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the transaction, the insider now directly owns 3,659 shares in the company, valued at approximately $328,395.25. The disclosure for this sale can be found here. Insiders sold 25,167 shares of company stock valued at $2,116,734 over the last 90 days. 0.34% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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