Stevens Capital Management LP bought a new position in American Water Works Company Inc (NYSE:AWK) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,210 shares of the utilities provider’s stock, valued at approximately $898,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Eqis Capital Management Inc. purchased a new position in shares of American Water Works in the 2nd quarter worth about $203,000. Piedmont Investment Advisors LLC purchased a new position in shares of American Water Works in the 2nd quarter worth about $178,000. Comerica Bank raised its holdings in shares of American Water Works by 2.0% in the 2nd quarter. Comerica Bank now owns 66,413 shares of the utilities provider’s stock worth $5,824,000 after purchasing an additional 1,283 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Water Works in the 2nd quarter worth about $2,036,000. Finally, State of Wisconsin Investment Board raised its holdings in shares of American Water Works by 6.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 174,689 shares of the utilities provider’s stock worth $14,915,000 after purchasing an additional 10,250 shares during the period. Institutional investors and hedge funds own 83.08% of the company’s stock.
Shares of NYSE:AWK opened at $97.80 on Friday. The stock has a market cap of $17.58 billion, a P/E ratio of 32.28, a P/E/G ratio of 3.78 and a beta of 0.12. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. American Water Works Company Inc has a one year low of $76.04 and a one year high of $98.18.
American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $946.35 million. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. On average, equities analysts forecast that American Water Works Company Inc will post 3.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.86%. American Water Works’s payout ratio is currently 60.07%.
In other American Water Works news, COO Walter Lynch sold 5,000 shares of American Water Works stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $91.69, for a total transaction of $458,450.00. Following the sale, the chief operating officer now directly owns 107,031 shares in the company, valued at approximately $9,813,672.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karl F. Kurz acquired 1,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were acquired at an average price of $91.30 per share, for a total transaction of $91,300.00. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.
A number of equities analysts have recently commented on AWK shares. ValuEngine downgraded American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Robert W. Baird upgraded American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 target price on the stock in a report on Thursday. Finally, Evercore ISI began coverage on American Water Works in a report on Monday, September 17th. They set an “outperform” rating and a $96.00 target price on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $93.02.
COPYRIGHT VIOLATION WARNING: This article was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.thelincolnianonline.com/2018/12/08/stevens-capital-management-lp-buys-shares-of-10210-american-water-works-company-inc-awk.html.
American Water Works Company 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.
Read More: Compound Interest
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).
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.