Icon Advisers Inc. Co. acquired a new position in shares of American Water Works Company Inc (NYSE:AWK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,400 shares of the utilities provider’s stock, valued at approximately $1,003,000.
A number of other hedge funds have also made changes to their positions in AWK. IFM Investors Pty Ltd grew its holdings in American Water Works by 43.2% during the second quarter. IFM Investors Pty Ltd now owns 8,434 shares of the utilities provider’s stock worth $720,000 after acquiring an additional 2,546 shares during the period. State of Alaska Department of Revenue grew its holdings in American Water Works by 3.7% during the second quarter. State of Alaska Department of Revenue now owns 40,562 shares of the utilities provider’s stock worth $3,463,000 after acquiring an additional 1,450 shares during the period. Xact Kapitalforvaltning AB grew its holdings in American Water Works by 18.6% during the second quarter. Xact Kapitalforvaltning AB now owns 41,459 shares of the utilities provider’s stock worth $3,540,000 after acquiring an additional 6,495 shares during the period. Pennsylvania Trust Co grew its holdings in American Water Works by 5.0% during the second quarter. Pennsylvania Trust Co now owns 35,822 shares of the utilities provider’s stock worth $3,059,000 after acquiring an additional 1,700 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in American Water Works by 43.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 96,088 shares of the utilities provider’s stock valued at $8,204,000 after purchasing an additional 28,925 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.
American Water Works stock opened at $89.61 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.50 and a beta of 0.10. American Water Works Company Inc has a fifty-two week low of $76.04 and a fifty-two week high of $92.79.
American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.04. The company had revenue of $976.00 million for the quarter, compared to analyst estimates of $946.35 million. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. American Water Works’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. Equities analysts predict that American Water Works Company Inc will post 3.3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 12th will be given a $0.455 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.82 annualized dividend and a dividend yield of 2.03%. American Water Works’s dividend payout ratio is currently 60.07%.
In other news, SVP Melanie M. Kennedy sold 1,114 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $88.78, for a total value of $98,900.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Loyd A. Warnock sold 10,520 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $87.86, for a total value of $924,287.20. Following the completion of the sale, the senior vice president now owns 12,322 shares in the company, valued at $1,082,610.92. The disclosure for this sale can be found here. Insiders sold 21,634 shares of company stock worth $1,918,888 over the last 90 days. Company insiders own 0.35% of the company’s stock.
AWK has been the topic of several research reports. Zacks Investment Research raised 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 lowered American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Evercore ISI initiated coverage on 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $90.42.
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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