Ardevora Asset Management LLP purchased a new stake in shares of American Water Works (NYSE:AWK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 414,953 shares of the utilities provider’s stock, valued at approximately $33,574,000. Ardevora Asset Management LLP owned 0.23% of American Water Works as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of AWK. Cornerstone Advisors Inc. grew its stake in shares of American Water Works by 349.5% in the 2nd 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 period. Pinebridge Investments L.P. bought a new stake in shares of American Water Works in the 2nd quarter valued at approximately $118,000. Peddock Capital Advisors LLC bought a new stake in shares of American Water Works in the 2nd quarter valued at approximately $131,000. Aviance Capital Management LLC bought a new stake in shares of American Water Works in the 2nd quarter valued at approximately $147,000. Finally, Almanack Investment Partners LLC. bought a new stake in shares of American Water Works in the 2nd quarter valued at approximately $154,000. Hedge funds and other institutional investors own 79.75% of the company’s stock.
American Water Works (NYSE AWK) traded up $1.19 during midday trading on Wednesday, reaching $90.71. The company had a trading volume of 690,100 shares, compared to its average volume of 851,216. The company has a market cap of $15,968.17, a price-to-earnings ratio of 30.87, a PEG ratio of 3.92 and a beta of 0.25. American Water Works has a 1-year low of $69.96 and a 1-year high of $90.76. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49.
American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The firm had revenue of $936.00 million for the quarter, compared to the consensus estimate of $992.58 million. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. research analysts anticipate that American Water Works will post 3.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 9th. American Water Works’s dividend payout ratio is 56.27%.
In other American Water Works news, COO Walter Lynch sold 15,169 shares of the company’s stock in a transaction on Monday, August 21st. The stock was 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 approximately $9,116,022. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value 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. In the last ninety days, insiders have sold 25,167 shares of company stock worth $2,116,734. Company insiders own 0.34% of the company’s stock.
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Several equities research analysts have recently weighed in on AWK shares. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird increased their price target on American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, Janney Montgomery Scott lowered American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.63.
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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