Stock Yards Bank & Trust Co. lowered its holdings in American Water Works Company Inc (NYSE:AWK) by 0.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 148,082 shares of the utilities provider’s stock after selling 660 shares during the period. American Water Works accounts for approximately 1.7% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 22nd biggest holding. Stock Yards Bank & Trust Co.’s holdings in American Water Works were worth $18,396,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AWK. Next Capital Management LLC raised its position in shares of American Water Works by 145.8% in the 2nd quarter. Next Capital Management LLC now owns 236 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 140 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of American Water Works in the 2nd quarter worth approximately $38,000. Orrstown Financial Services Inc. increased its position in American Water Works by 208.7% during the 3rd quarter. Orrstown Financial Services Inc. now owns 318 shares of the utilities provider’s stock valued at $40,000 after buying an additional 215 shares in the last quarter. Vestor Capital LLC bought a new position in American Water Works during the 2nd quarter valued at approximately $41,000. Finally, SRS Capital Advisors Inc. bought a new position in American Water Works during the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.10% of the company’s stock.
A number of research analysts recently weighed in on AWK shares. Bank of America lowered American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Monday, July 15th. They noted that the move was a valuation call. Wells Fargo & Co raised their price objective on American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Robert W. Baird raised their price objective on American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. ValuEngine lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Janney Montgomery Scott raised their price objective on American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $129.60.
AWK stock traded down $0.93 on Tuesday, reaching $120.80. 886,886 shares of the company traded hands, compared to its average volume of 982,210. American Water Works Company Inc has a one year low of $85.89 and a one year high of $129.89. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.56 and a quick ratio of 0.53. The company has a market cap of $22.34 billion, a P/E ratio of 36.61, a price-to-earnings-growth ratio of 4.26 and a beta of 0.09. The firm has a fifty day simple moving average of $124.29 and a 200-day simple moving average of $115.97.
American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.94 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.94. The business had revenue of $882.00 million during the quarter, compared to analyst estimates of $907.56 million. American Water Works had a return on equity of 10.51% and a net margin of 16.53%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. On average, sell-side analysts forecast that American Water Works Company Inc will post 3.6 EPS for the current year.
In other news, COO Walter Lynch sold 6,908 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $126.91, for a total value of $876,694.28. Following the transaction, the chief operating officer now directly owns 113,574 shares in the company, valued at approximately $14,413,676.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George Mackenzie sold 10,000 shares of the firm’s 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 completion of the transaction, the director now owns 25,338 shares in the company, valued at $3,273,162.84. The disclosure for this sale can be found here. In the last three months, insiders sold 20,931 shares of company stock valued at $2,639,065. Corporate insiders own 0.36% of the company’s stock.
About American Water Works
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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