Utah Retirement Systems boosted its position in American Water Works Company Inc (NYSE:AWK) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,595 shares of the utilities provider’s stock after acquiring an additional 600 shares during the period. Utah Retirement Systems’ holdings in American Water Works were worth $2,956,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of AWK. Renaissance Technologies LLC lifted its holdings in shares of American Water Works by 47.0% during the 3rd quarter. Renaissance Technologies LLC now owns 715,800 shares of the utilities provider’s stock valued at $62,969,000 after purchasing an additional 228,700 shares in the last quarter. Cpwm LLC bought a new position in shares of American Water Works during the 3rd quarter valued at about $4,633,000. Honkamp Krueger Financial Services Inc. bought a new position in shares of American Water Works during the 3rd quarter valued at about $138,000. Sowell Financial Services LLC bought a new position in shares of American Water Works during the 3rd quarter valued at about $381,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of American Water Works by 7.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 904,629 shares of the utilities provider’s stock valued at $79,580,000 after purchasing an additional 59,526 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.
Several equities analysts have recently weighed in on the company. Robert W. Baird upgraded American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 price objective on the stock in a report on Thursday. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a report on Friday, November 16th. ValuEngine upgraded American Water Works from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Finally, Evercore ISI assumed coverage on American Water Works in a report on Monday, September 17th. They set an “outperform” rating and a $96.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $92.42.
In related news, COO Walter Lynch sold 5,000 shares of American Water Works stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $91.69, for a total value of $458,450.00. Following the sale, the chief operating officer now owns 107,031 shares of the company’s stock, valued at approximately $9,813,672.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Karl F. Kurz bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average cost of $91.30 per share, for a total transaction of $91,300.00. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by company insiders.
Shares of American Water Works stock opened at $96.55 on Friday. American Water Works Company Inc has a 52-week low of $76.04 and a 52-week high of $97.35. The company has a market capitalization of $17.30 billion, a P/E ratio of 31.86, a PEG ratio of 3.72 and a beta of 0.12. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29.
American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $946.35 million. During the same quarter last year, the firm earned $1.08 EPS. American Water Works’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts forecast that American Water Works Company Inc will post 3.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Monday, November 12th were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, November 8th. American Water Works’s dividend payout ratio is presently 60.07%.
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American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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