American Water Works (AWK) Position Raised by Rhumbline Advisers

Rhumbline Advisers increased its stake in American Water Works (NYSE:AWK) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 351,240 shares of the utilities provider’s stock after acquiring an additional 27,868 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of American Water Works worth $28,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in American Water Works by 12.0% in the 3rd quarter. Toronto Dominion Bank now owns 67,622 shares of the utilities provider’s stock worth $5,470,000 after acquiring an additional 7,258 shares in the last quarter. New York State Common Retirement Fund increased its holdings in American Water Works by 1.3% in the 3rd quarter. New York State Common Retirement Fund now owns 644,518 shares of the utilities provider’s stock worth $52,148,000 after acquiring an additional 8,500 shares in the last quarter. Security Asset Management increased its holdings 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 worth $2,125,000 after acquiring an additional 1,517 shares in the last quarter. Private Wealth Partners LLC increased its holdings in American Water Works by 3.5% in the 3rd quarter. Private Wealth Partners LLC now owns 65,573 shares of the utilities provider’s stock worth $5,306,000 after acquiring an additional 2,203 shares in the last quarter. Finally, Crescent Grove Advisors LLC increased its holdings in American Water Works by 570.4% in the 3rd quarter. Crescent Grove Advisors LLC now owns 20,247 shares of the utilities provider’s stock worth $1,638,000 after acquiring an additional 17,227 shares in the last quarter. 79.75% of the stock is owned by institutional investors.

Shares of American Water Works (NYSE AWK) opened at $89.02 on Friday. American Water Works has a 1-year low of $69.96 and a 1-year high of $91.39. The stock has a market cap of $16,000.00, a price-to-earnings ratio of 31.28, a PEG ratio of 3.98 and a beta of 0.25. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, November 9th. American Water Works’s payout ratio is 56.27%.

In other news, EVP Michael A. Sgro sold 841 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total transaction of $75,715.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the transaction, the chief operating officer now directly owns 94,702 shares in the company, valued at approximately $7,770,299.10. The disclosure for this sale can be found here. Insiders have sold 25,360 shares of company stock valued at $2,134,195 in the last ninety days. Insiders own 0.34% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://sportsperspectives.com/2017/11/18/american-water-works-awk-position-raised-by-rhumbline-advisers.html.

Several equities research analysts recently commented on the stock. BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $82.00 price target on shares of American Water Works in a report on Sunday, October 1st. Bank of America Corporation assumed coverage on shares of American Water Works in a report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price target for the company. Finally, Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.63.

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.

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works (NYSE:AWK).

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

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply