Northern Trust Corp Has $265.49 Million Position in American Water Works (AWK)
Northern Trust Corp reduced its stake in American Water Works (NYSE:AWK) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,405,954 shares of the utilities provider’s stock after selling 99,523 shares during the quarter. Northern Trust Corp owned approximately 1.91% of American Water Works worth $265,494,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in American Water Works by 3.1% in the 2nd quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock worth $54,715,000 after purchasing an additional 21,000 shares during the last quarter. Prudential Financial Inc. lifted its holdings in American Water Works by 1.3% in the 2nd quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock worth $20,039,000 after purchasing an additional 3,368 shares during the last quarter. Scout Investments Inc. lifted its holdings in American Water Works by 5.7% in the 2nd quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock worth $40,561,000 after purchasing an additional 28,279 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in American Water Works by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 24,628 shares of the utilities provider’s stock worth $1,915,000 after purchasing an additional 278 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in American Water Works by 943.7% in the 1st quarter. Bank of Nova Scotia now owns 40,810 shares of the utilities provider’s stock worth $3,173,000 after purchasing an additional 36,900 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.
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American Water Works (AWK) opened at 82.03 on Friday. The firm has a 50-day moving average price of $81.58 and a 200 day moving average price of $79.19. The company has a market capitalization of $14.62 billion, a P/E ratio of 30.97 and a beta of 0.25. American Water Works has a 12 month low of $69.41 and a 12 month high of $83.06.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. During the same period in the previous year, the business earned $0.77 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that American Water Works will post $3.00 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th were given a $0.415 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.02%. American Water Works’s payout ratio is 62.64%.
In other news, COO Walter Lynch sold 15,169 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $82.00, for a total value of $1,243,858.00. Following the completion of the sale, the chief operating officer now directly owns 111,171 shares of the company’s stock, valued at $9,116,022. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.
Several equities research analysts recently weighed in on AWK shares. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Friday. Finally, Vetr downgraded American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target on the stock. in a research report on Wednesday, June 14th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $82.86.
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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