American Water Works (AWK) Shares Sold by National Asset Management Inc.
National Asset Management Inc. trimmed its holdings in American Water Works (NYSE:AWK) by 28.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,735 shares of the utilities provider’s stock after selling 3,484 shares during the period. National Asset Management Inc.’s holdings in American Water Works were worth $707,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of AWK. Janus Henderson Group PLC boosted its stake in American Water Works by 8,104.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,712,232 shares of the utilities provider’s stock worth $133,469,000 after buying an additional 1,691,362 shares during the last quarter. Vanguard Group Inc. boosted its stake in American Water Works by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock worth $1,417,580,000 after buying an additional 465,748 shares during the last quarter. Ardevora Asset Management LLP acquired a new stake in American Water Works in the 3rd quarter worth about $33,574,000. JPMorgan Chase & Co. boosted its stake in American Water Works by 56.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 853,175 shares of the utilities provider’s stock worth $69,200,000 after buying an additional 309,177 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in American Water Works by 25.5% in the 2nd quarter. Alliancebernstein L.P. now owns 1,329,726 shares of the utilities provider’s stock worth $103,652,000 after buying an additional 269,907 shares during the last quarter. 80.96% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on AWK shares. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Robert W. Baird restated a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a report on Sunday, October 1st. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Bank of America started coverage on American Water Works in a report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.63.
American Water Works (NYSE:AWK) opened at $91.32 on Tuesday. The company has a market capitalization of $16,290.00, a PE ratio of 31.45, a PEG ratio of 4.00 and a beta of 0.27. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. American Water Works has a twelve month low of $69.96 and a twelve month high of $91.97.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The company had revenue of $936.00 million for the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. equities research analysts anticipate that American Water Works will post 3.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a dividend of $0.415 per share. The ex-dividend date was Thursday, November 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.82%. American Water Works’s payout ratio is currently 56.27%.
In related news, COO Walter Lynch sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. Following the sale, the chief operating officer now directly owns 97,667 shares in the company, valued at approximately $8,785,146.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now owns 3,659 shares in the company, valued at $328,395.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,856 shares of company stock worth $616,700. Company insiders own 0.34% of the company’s stock.
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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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