American Water Works Company Inc (AWK) Position Raised by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale boosted its stake in shares of American Water Works Company Inc (NYSE:AWK) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,238 shares of the utilities provider’s stock after buying an additional 3,303 shares during the period. DekaBank Deutsche Girozentrale’s holdings in American Water Works were worth $6,095,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Cornerstone Advisors Inc. boosted its position in American Water Works by 349.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,045 shares in the last quarter. Parallel Advisors LLC boosted its position in American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock worth $115,000 after buying an additional 294 shares in the last quarter. Van ECK Associates Corp boosted its position in American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock worth $120,000 after buying an additional 236 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in American Water Works during the first quarter worth approximately $121,000. Finally, First National Trust Co. bought a new position in American Water Works during the first quarter worth approximately $203,000. 80.72% of the stock is owned by institutional investors.
Shares of American Water Works Company Inc (AWK) opened at 81.76 on Wednesday. American Water Works Company Inc has a one year low of $69.41 and a one year high of $82.89. The stock has a 50 day moving average of $80.01 and a 200-day moving average of $77.88. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 30.86 and a beta of 0.25.
American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by $0.07. American Water Works had a net margin of 15.52% and a return on equity of 9.85%. The business had revenue of $844 million during the quarter, compared to analysts’ expectations of $869.52 million. During the same period last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that American Water Works Company Inc will post $3.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is presently 62.64%.
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A number of research firms have commented on AWK. Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a research note on Wednesday, June 14th. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Northcoast Research began coverage on shares of American Water Works in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. Finally, Robert W. Baird cut shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $69.41 to $82.00 in a research note on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $82.63.
In related news, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total value of $94,990.23. Following the completion of the transaction, the senior vice president now directly owns 7,055 shares of the company’s stock, valued at $530,606.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.
About American Water Works
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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