Russell Investments Group Ltd. decreased its position in shares of American Water Works (NYSE:AWK) by 39.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 483,607 shares of the utilities provider’s stock after selling 313,386 shares during the period. Russell Investments Group Ltd. owned about 0.27% of American Water Works worth $39,110,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kiwi Wealth Investments Limited Partnership boosted its position in shares of American Water Works by 24.8% during the 3rd quarter. Kiwi Wealth Investments Limited Partnership now owns 182,363 shares of the utilities provider’s stock worth $14,755,000 after acquiring an additional 36,244 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of American Water Works during the 3rd quarter worth approximately $297,000. HighPoint Advisor Group LLC boosted its position in shares of American Water Works by 240.9% during the 3rd quarter. HighPoint Advisor Group LLC now owns 9,140 shares of the utilities provider’s stock worth $818,000 after acquiring an additional 6,459 shares in the last quarter. Sigma Planning Corp boosted its position in shares of American Water Works by 6.2% during the 3rd quarter. Sigma Planning Corp now owns 15,741 shares of the utilities provider’s stock worth $1,274,000 after acquiring an additional 923 shares in the last quarter. Finally, Ardevora Asset Management LLP acquired a new stake in shares of American Water Works during the 3rd quarter worth approximately $33,574,000. Institutional investors and hedge funds own 79.60% of the company’s stock.
Shares of American Water Works (AWK) traded down $0.64 during trading on Tuesday, reaching $88.38. 1,081,600 shares of the company’s stock were exchanged, compared to its average volume of 858,200. The firm has a market capitalization of $15,878.98, a price-to-earnings ratio of 30.70, a P/E/G ratio of 3.90 and a beta of 0.25. American Water Works has a 1 year low of $69.96 and a 1 year high of $91.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The firm had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. research analysts expect that American Water Works will post 3.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, November 9th. American Water Works’s payout ratio is currently 56.27%.
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Several analysts recently issued reports on the stock. Janney Montgomery Scott lowered shares of 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. Robert W. Baird raised their target price on shares of American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research report on Thursday, November 2nd. Bank of America Corporation assumed coverage on shares of American Water Works in a research report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 target price on the stock. Finally, Zacks Investment Research lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. American Water Works presently has an average rating of “Hold” and an average price target of $85.63.
In other news, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total transaction of $73,774.50. Following the completion of the transaction, the insider now owns 3,659 shares of the company’s stock, valued at $328,395.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. Insiders have sold 10,191 shares of company stock valued at $890,337 in the last ninety days. Insiders own 0.34% of the company’s stock.
American Water Works 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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