American Water Works Company Inc (AWK) Position Lessened by Hexavest Inc.

Hexavest Inc. reduced its position in shares of American Water Works Company Inc (NYSE:AWK) by 29.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,998 shares of the utilities provider’s stock after selling 839 shares during the quarter. Hexavest Inc.’s holdings in American Water Works were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. bought a new stake in shares of American Water Works during the 2nd quarter worth $126,000. Edge Wealth Management LLC bought a new stake in shares of American Water Works during the 2nd quarter worth $149,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of American Water Works during the 1st quarter worth $148,000. Rampart Investment Management Company LLC bought a new stake in American Water Works in the 2nd quarter valued at $155,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in American Water Works in the 1st quarter valued at $152,000. 83.37% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Monday, July 23rd. ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Evercore ISI assumed coverage on shares of American Water Works in a report on Monday, September 17th. They issued an “outperform” rating and a $96.00 price target for the company. Finally, Boenning Scattergood reissued a “neutral” rating on shares of American Water Works in a report on Thursday, June 28th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $90.42.

In other news, COO Walter Lynch sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total transaction of $895,700.00. Following the completion of the transaction, the chief operating officer now directly owns 112,031 shares of the company’s stock, valued at approximately $10,034,616.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Loyd A. Warnock sold 10,520 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the transaction, the senior vice president now directly owns 12,322 shares of the company’s stock, valued at $1,082,610.92. The disclosure for this sale can be found here. Insiders have sold a total of 21,634 shares of company stock valued at $1,918,888 over the last ninety days. 0.35% of the stock is owned by insiders.

Shares of American Water Works stock opened at $87.73 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 1.11. American Water Works Company Inc has a fifty-two week low of $76.04 and a fifty-two week high of $92.37. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 3.45 and a beta of 0.11.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The firm had revenue of $853.00 million during the quarter, compared to the consensus estimate of $866.02 million. During the same period in the prior year, the firm earned $0.73 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts expect that American Water Works Company Inc will post 3.27 earnings per share for the current fiscal year.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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

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