Park Avenue Securities LLC bought a new position in shares of American Water Works Company Inc (NYSE:AWK) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,360 shares of the utilities provider’s stock, valued at approximately $868,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont raised its position in American Water Works by 3.0% during the 1st quarter. Trust Co. of Vermont now owns 3,846 shares of the utilities provider’s stock worth $401,000 after purchasing an additional 113 shares during the last quarter. Sigma Planning Corp raised its position in shares of American Water Works by 68.9% in the 1st quarter. Sigma Planning Corp now owns 20,817 shares of the utilities provider’s stock worth $2,170,000 after acquiring an additional 8,489 shares in the last quarter. HL Financial Services LLC raised its position in shares of American Water Works by 0.8% in the 1st quarter. HL Financial Services LLC now owns 28,525 shares of the utilities provider’s stock worth $2,974,000 after acquiring an additional 238 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of American Water Works by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 2,262 shares of the utilities provider’s stock valued at $236,000 after buying an additional 127 shares during the period. Finally, Moors & Cabot Inc. grew its stake in shares of American Water Works by 47.5% in the 1st quarter. Moors & Cabot Inc. now owns 7,626 shares of the utilities provider’s stock valued at $790,000 after buying an additional 2,457 shares during the period. Institutional investors own 84.46% of the company’s stock.
In other news, insider Susan N. Story sold 28,457 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $113.84, for a total transaction of $3,239,544.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Loyd A. Warnock sold 9,502 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were 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 $2,033,586.56. The disclosure for this sale can be found here. Insiders have sold a total of 63,184 shares of company stock worth $7,096,936 in the last three months. Insiders own 0.36% of the company’s stock.
Several analysts have recently commented on AWK shares. Bank of America raised their target price on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 21st. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Wells Fargo & Co reiterated a “buy” rating on shares of American Water Works in a research note on Wednesday, February 20th. Janney Montgomery Scott reiterated a “buy” rating and set a $102.00 price target on shares of American Water Works in a research note on Thursday, February 21st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. American Water Works presently has an average rating of “Buy” and an average target price of $109.67.
Shares of NYSE:AWK traded down $1.56 during mid-day trading on Wednesday, reaching $111.78. The company had a trading volume of 908,076 shares, compared to its average volume of 801,422. The company has a current ratio of 0.32, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $20.52 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 3.91 and a beta of 0.25. American Water Works Company Inc has a one year low of $77.73 and a one year high of $114.50.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). American Water Works had a return on equity of 10.25% and a net margin of 16.44%. The company had revenue of $813.00 million during the quarter, compared to the consensus estimate of $792.73 million. During the same period last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts predict that American Water Works Company Inc will post 3.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be issued 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 is Friday, May 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.79%. American Water Works’s payout ratio is presently 60.61%.
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 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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