Cubist Systematic Strategies LLC boosted its holdings in American Water Works Company Inc (NYSE:AWK) by 485.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,282 shares of the utilities provider’s stock after acquiring an additional 94,757 shares during the quarter. Cubist Systematic Strategies LLC owned 0.06% of American Water Works worth $13,257,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of American Water Works by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,855,515 shares of the utilities provider’s stock worth $2,535,240,000 after acquiring an additional 174,708 shares during the period. BlackRock Inc. raised its holdings in American Water Works by 5.7% during the 2nd quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock worth $1,786,029,000 after purchasing an additional 827,507 shares during the last quarter. Wells Fargo & Company MN raised its holdings in American Water Works by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 3,759,373 shares of the utilities provider’s stock worth $436,087,000 after purchasing an additional 12,421 shares during the last quarter. Northern Trust Corp raised its holdings in American Water Works by 3.4% during the 1st quarter. Northern Trust Corp now owns 3,668,158 shares of the utilities provider’s stock worth $382,443,000 after purchasing an additional 122,185 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in American Water Works by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,362,440 shares of the utilities provider’s stock worth $214,070,000 after purchasing an additional 161,731 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.
Shares of AWK traded down $0.43 on Friday, hitting $121.95. 473,307 shares of the stock traded hands, compared to its average volume of 936,695. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $22.17 billion, a P/E ratio of 36.95, a P/E/G ratio of 4.19 and a beta of 0.11. The stock’s 50 day moving average is $122.63 and its two-hundred day moving average is $113.48. American Water Works Company Inc has a 1 year low of $85.88 and a 1 year high of $129.89.
American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.94. The business had revenue of $882.00 million for the quarter, compared to the consensus estimate of $907.56 million. American Water Works had a net margin of 16.53% and a return on equity of 10.51%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Research analysts forecast that American Water Works Company Inc will post 3.6 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.64%. The ex-dividend date was Thursday, August 8th. American Water Works’s dividend payout ratio is 60.61%.
Several equities research analysts have weighed in on AWK shares. Bank of America downgraded American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Monday, July 15th. They noted that the move was a valuation call. Wells Fargo & Co increased their price target on American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. American Water Works has a consensus rating of “Hold” and an average target price of $118.40.
In other American Water Works news, SVP Loyd A. Warnock sold 4,023 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $116.97, for a total transaction of $470,570.31. Following the completion of the sale, the senior vice president now owns 11,895 shares of the company’s stock, valued at approximately $1,391,358.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Mackenzie sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total value of $1,291,800.00. Following the transaction, the director now owns 25,338 shares in the company, valued at approximately $3,273,162.84. The disclosure for this sale can be found here. Insiders have sold a total of 20,931 shares of company stock valued at $2,639,065 in the last ninety days. Insiders own 0.36% of the company’s stock.
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
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