Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 15.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,370 shares of the utilities provider’s stock after buying an additional 13,716 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned about 0.06% of American Water Works worth $10,882,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of AWK. Hancock Whitney Corp boosted its holdings in American Water Works by 15.7% during the fourth quarter. Hancock Whitney Corp now owns 3,749 shares of the utilities provider’s stock valued at $340,000 after acquiring an additional 510 shares during the period. Wetherby Asset Management Inc. boosted its holdings in American Water Works by 2.6% during the fourth quarter. Wetherby Asset Management Inc. now owns 13,151 shares of the utilities provider’s stock valued at $1,194,000 after acquiring an additional 334 shares during the period. Vanguard Group Inc boosted its holdings in American Water Works by 2.3% during the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after acquiring an additional 436,131 shares during the period. Stock Yards Bank & Trust Co. boosted its holdings in American Water Works by 1.9% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 143,645 shares of the utilities provider’s stock valued at $13,039,000 after acquiring an additional 2,664 shares during the period. Finally, National Pension Service boosted its holdings in American Water Works by 4.7% during the fourth quarter. National Pension Service now owns 205,909 shares of the utilities provider’s stock valued at $20,025,000 after acquiring an additional 9,232 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on AWK. Janney Montgomery Scott restated a “buy” rating and set a $121.00 price target (up from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Wells Fargo & Co cut shares of American Water Works from an “outperform” rating to a “market perform” rating and set a $111.00 price target for the company. in a report on Tuesday, March 26th. They noted that the move was a valuation call. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, Bank of America upped their price target on shares of American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $109.67.
Shares of NYSE AWK traded up $1.40 during mid-day trading on Wednesday, hitting $112.82. The company had a trading volume of 688,677 shares, compared to its average volume of 1,007,661. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32. American Water Works Company Inc has a 12 month low of $77.73 and a 12 month high of $112.86. The stock has a market cap of $20.23 billion, a PE ratio of 34.19, a PEG ratio of 3.85 and a beta of 0.25.
American Water Works (NYSE:AWK) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). American Water Works had a net margin of 16.44% and a return on equity of 10.25%. The company had revenue of $813.00 million during the quarter, compared to the consensus estimate of $792.73 million. During the same quarter in the previous year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts forecast that American Water Works Company Inc will post 3.6 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.50 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.77%. American Water Works’s dividend payout ratio (DPR) is currently 60.61%.
In other American Water Works news, COO Walter Lynch sold 18,545 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $111.15, for a total transaction of $2,061,276.75. Following the completion of the transaction, the chief operating officer now owns 118,583 shares in the company, valued at $13,180,500.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Loyd A. Warnock sold 9,502 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $111.04, for a total transaction of $1,055,102.08. Following the transaction, the senior vice president now owns 18,314 shares of the company’s stock, valued at approximately $2,033,586.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,727 shares of company stock valued at $3,857,391. Corporate insiders own 0.36% of the company’s stock.
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About American Water Works
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
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