Stock Yards Bank & Trust Co. reduced its position in American Water Works Company Inc (NYSE:AWK) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,634 shares of the utilities provider’s stock after selling 2,004 shares during the quarter. Stock Yards Bank & Trust Co. owned 0.07% of American Water Works worth $11,860,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC bought a new stake in shares of American Water Works in the 4th quarter valued at about $401,000. Aurora Investment Counsel bought a new stake in shares of American Water Works in the 4th quarter valued at about $2,210,000. Neville Rodie & Shaw Inc. bought a new stake in shares of American Water Works in the 4th quarter valued at about $235,000. Parametric Portfolio Associates LLC lifted its stake in shares of American Water Works by 12.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 319,068 shares of the utilities provider’s stock valued at $25,816,000 after acquiring an additional 36,192 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of American Water Works in the 3rd quarter valued at about $383,000. Hedge funds and other institutional investors own 81.09% of the company’s stock.
In other news, insider Deborah A. Degillio sold 822 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total value of $75,715.23. The disclosure for this sale can be found here. Insiders sold a total of 6,856 shares of company stock valued at $616,700 in the last three months. Corporate insiders own 0.34% of the company’s stock.
AWK has been the subject of a number of recent research reports. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Wells Fargo & Co set a $89.00 target price on American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. Bank of America initiated coverage on American Water Works in a research note on Tuesday, October 24th. They issued a “buy” rating and a $95.00 target price for the company. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. 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, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $90.86.
American Water Works Company Inc (NYSE AWK) opened at $81.22 on Friday. The company has a market capitalization of $14,490.00, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 3.41 and a beta of 0.14. 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 Company Inc has a 52-week low of $71.70 and a 52-week high of $92.37.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. American Water Works had a return on equity of 14.94% and a net margin of 21.69%. American Water Works’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 EPS. equities research analysts forecast that American Water Works Company Inc will post 3.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, February 6th. American Water Works’s payout ratio is 56.27%.
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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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