Stock Yards Bank & Trust Co. decreased its position in American Water Works Company Inc (NYSE:AWK) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 129,634 shares of the utilities provider’s stock after selling 2,004 shares during the quarter. Stock Yards Bank & Trust Co. owned about 0.07% of American Water Works worth $11,860,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Pinebridge Investments L.P. acquired a new position in American Water Works in the 2nd quarter valued at about $118,000. Aviance Capital Management LLC acquired a new position in American Water Works in the 2nd quarter valued at about $147,000. Northwestern Mutual Wealth Management Co. raised its stake in American Water Works by 8.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock valued at $190,000 after purchasing an additional 197 shares during the last quarter. Evercore Wealth Management LLC raised its stake in American Water Works by 8.2% in the 2nd quarter. Evercore Wealth Management LLC now owns 2,500 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 189 shares during the last quarter. Finally, WFG Advisors LP raised its stake in American Water Works by 11.5% in the 2nd quarter. WFG Advisors LP now owns 2,571 shares of the utilities provider’s stock valued at $200,000 after purchasing an additional 265 shares during the last quarter. 80.79% of the stock is owned by hedge funds and other institutional investors.
American Water Works Company Inc (AWK) traded down $1.01 during midday trading on Thursday, hitting $85.70. 828,900 shares of the stock were exchanged, compared to its average volume of 1,019,686. American Water Works Company Inc has a one year low of $69.96 and a one year high of $92.37. 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 cap of $15,060.00, a P/E ratio of 29.05, a P/E/G ratio of 3.55 and a beta of 0.27.
American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting 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 company had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. During the same quarter in the prior year, the company posted $1.05 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. analysts expect that American Water Works Company Inc will post 3.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th 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 1.94%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s payout ratio is currently 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 stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Also, COO Walter Lynch sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. Following the sale, the chief operating officer now owns 97,667 shares of the company’s stock, valued at approximately $8,785,146.65. The disclosure for this sale can be found here. Insiders have sold a total of 6,856 shares of company stock valued at $616,700 in the last quarter. Company insiders own 0.34% of the company’s stock.
AWK has been the subject of several analyst reports. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $82.00 target price on shares of American Water Works in a research note on Sunday, October 1st. Wells Fargo & Co set a $89.00 price objective on shares of American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Bank of America began coverage on shares of American Water Works in a research note on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $90.01.
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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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