First Trust Advisors LP Raises Holdings in American Water Works Company Inc (AWK)

First Trust Advisors LP boosted its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 182,197 shares of the utilities provider’s stock after purchasing an additional 25,263 shares during the period. First Trust Advisors LP owned approximately 0.10% of American Water Works worth $16,028,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Ingalls & Snyder LLC boosted its holdings in shares of American Water Works by 1.8% in the third quarter. Ingalls & Snyder LLC now owns 33,768 shares of the utilities provider’s stock valued at $2,971,000 after acquiring an additional 600 shares in the last quarter. Creative Planning boosted its holdings in shares of American Water Works by 5.5% in the second quarter. Creative Planning now owns 12,154 shares of the utilities provider’s stock valued at $1,038,000 after acquiring an additional 632 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of American Water Works by 3.3% in the second quarter. CIBC Asset Management Inc now owns 20,416 shares of the utilities provider’s stock valued at $1,743,000 after acquiring an additional 643 shares in the last quarter. Murphy Capital Management Inc. boosted its holdings in shares of American Water Works by 4.0% in the third quarter. Murphy Capital Management Inc. now owns 17,530 shares of the utilities provider’s stock valued at $1,542,000 after acquiring an additional 675 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of American Water Works by 7.5% in the second quarter. Meadow Creek Investment Management LLC now owns 10,144 shares of the utilities provider’s stock valued at $866,000 after acquiring an additional 704 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Shares of NYSE AWK opened at $89.61 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 1.29. American Water Works Company Inc has a 52 week low of $76.04 and a 52 week high of $92.79. The stock has a market capitalization of $16.27 billion, a P/E ratio of 27.22, a P/E/G ratio of 3.50 and a beta of 0.10.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.04. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $946.35 million. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts anticipate that American Water Works Company Inc will post 3.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, November 8th. American Water Works’s dividend payout ratio (DPR) is 60.07%.

In related news, SVP Melanie M. Kennedy sold 1,114 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $88.78, for a total value of $98,900.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Loyd A. Warnock sold 10,520 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $87.86, for a total transaction of $924,287.20. Following the completion of the sale, the senior vice president now owns 12,322 shares of the company’s stock, valued at approximately $1,082,610.92. The disclosure for this sale can be found here. Insiders sold 21,634 shares of company stock valued at $1,918,888 in the last quarter. Company insiders own 0.35% of the company’s stock.

Several analysts have recently 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 target price on the stock in a report on Monday, July 23rd. ValuEngine downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, 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 target price on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $90.42.

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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.

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

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