Atlantic Trust LLC lifted its holdings in shares of American Water Works (NYSE:AWK) by 835.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,309 shares of the utilities provider’s stock after buying an additional 22,604 shares during the period. American Water Works comprises 1.5% of Atlantic Trust LLC’s investment portfolio, making the stock its 21st biggest holding. Atlantic Trust LLC’s holdings in American Water Works were worth $2,048,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of AWK. Pinebridge Investments L.P. purchased a new position in American Water Works in the 2nd quarter valued at approximately $118,000. Peddock Capital Advisors LLC purchased a new position in American Water Works in the 2nd quarter valued at approximately $131,000. Aviance Capital Management LLC purchased a new position in American Water Works in the 2nd quarter valued at approximately $147,000. Almanack Investment Partners LLC. purchased a new position in American Water Works in the 2nd quarter valued at approximately $154,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in American Water Works by 8.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock valued at $190,000 after purchasing an additional 197 shares in the last quarter. 81.11% of the stock is owned by institutional investors and hedge funds.
In related news, insider Deborah A. Degillio sold 822 shares of American Water Works stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the transaction, the insider now owns 3,659 shares in the company, valued at $328,395.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of American Water Works stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value of $75,715.23. The disclosure for this sale can be found here. Insiders sold 6,856 shares of company stock worth $616,700 in the last quarter. 0.34% of the stock is owned by insiders.
Several equities analysts recently weighed in on AWK shares. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird raised their price objective on American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Janney Montgomery Scott cut American Water Works from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Boenning Scattergood restated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. American Water Works presently has an average rating of “Hold” and a consensus price target of $85.63.
American Water Works (AWK) opened at $89.93 on Thursday. American Water Works has a fifty-two week low of $69.96 and a fifty-two week high of $92.37. The firm has a market capitalization of $15,932.49, a price-to-earnings ratio of 30.80, a P/E/G ratio of 4.11 and a beta of 0.27. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The firm had revenue of $936.00 million for the quarter, compared to analysts’ expectations of $992.58 million. During the same quarter last year, the firm earned $1.05 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. equities analysts forecast that American Water Works will post 3.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, February 6th. American Water Works’s payout ratio is currently 56.27%.
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American Water Works 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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