Smith Moore & CO. Boosts Holdings in American Water Works Company Inc (AWK)

Smith Moore & CO. boosted its stake in American Water Works Company Inc (NYSE:AWK) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,329 shares of the utilities provider’s stock after purchasing an additional 1,598 shares during the quarter. Smith Moore & CO.’s holdings in American Water Works were worth $1,128,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Norinchukin Bank The grew its holdings in shares of American Water Works by 7.5% during the fourth quarter. Norinchukin Bank The now owns 14,261 shares of the utilities provider’s stock valued at $1,305,000 after buying an additional 992 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of American Water Works by 1.1% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 100,526 shares of the utilities provider’s stock valued at $9,197,000 after buying an additional 1,081 shares during the last quarter. American International Group Inc. grew its holdings in shares of American Water Works by 9.1% during the fourth quarter. American International Group Inc. now owns 74,055 shares of the utilities provider’s stock valued at $6,775,000 after buying an additional 6,149 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of American Water Works by 18.9% during the fourth quarter. Wetherby Asset Management Inc. now owns 10,534 shares of the utilities provider’s stock valued at $964,000 after buying an additional 1,676 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of American Water Works during the fourth quarter valued at about $460,000. Institutional investors and hedge funds own 81.43% of the company’s stock.

American Water Works Company Inc (AWK) opened at $80.50 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21. American Water Works Company Inc has a 12-month low of $73.05 and a 12-month high of $92.37. The firm has a market cap of $14,359.22, a PE ratio of 27.29, a P/E/G ratio of 3.30 and a beta of 0.14.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s payout ratio is currently 56.27%.

AWK has been the subject of a number of analyst reports. Argus lifted their price objective on shares of American Water Works from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, December 29th. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Tuesday, December 19th. Bank of America initiated coverage on shares of American Water Works in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective for the company. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. Finally, Guggenheim cut shares of American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $90.86.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2018/02/19/smith-moore-co-boosts-holdings-in-american-water-works-company-inc-awk.html.

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.

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company Inc (NYSE:AWK).

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply