Loomis Sayles & Co. L P Lowers Stake in American Water Works Company Inc (AWK)

Loomis Sayles & Co. L P lowered its holdings in American Water Works Company Inc (NYSE:AWK) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,872 shares of the utilities provider’s stock after selling 19,424 shares during the period. Loomis Sayles & Co. L P owned approximately 0.11% of American Water Works worth $16,879,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AWK. Eqis Capital Management Inc. acquired a new position in American Water Works during the second quarter worth $203,000. Piedmont Investment Advisors LLC acquired a new position in American Water Works during the second quarter worth $178,000. Comerica Bank raised its holdings in shares of American Water Works by 2.0% in the second quarter. Comerica Bank now owns 66,413 shares of the utilities provider’s stock worth $5,824,000 after acquiring an additional 1,283 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Water Works in the second quarter worth $2,036,000. Finally, State of Wisconsin Investment Board raised its holdings in shares of American Water Works by 6.2% in the second quarter. State of Wisconsin Investment Board now owns 174,689 shares of the utilities provider’s stock worth $14,915,000 after acquiring an additional 10,250 shares during the last quarter. 83.08% of the stock is currently owned by institutional investors.

AWK has been the subject of a number of analyst reports. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Robert W. Baird raised American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 price target for the company in a report on Thursday. ValuEngine raised American Water Works from a “hold” rating to a “buy” rating in a report on Monday, September 17th. 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 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $93.02.

In other American Water Works news, Director Karl F. Kurz bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average cost of $91.30 per share, for a total transaction of $91,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Walter Lynch sold 5,000 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $91.69, for a total value of $458,450.00. Following the completion of the transaction, the chief operating officer now owns 107,031 shares of the company’s stock, valued at $9,813,672.39. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

NYSE AWK opened at $97.80 on Friday. American Water Works Company Inc has a fifty-two week low of $76.04 and a fifty-two week high of $98.18. The firm has a market capitalization of $17.58 billion, a PE ratio of 32.28, a P/E/G ratio of 3.78 and a beta of 0.12. 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 (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.04. The company had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $946.35 million. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. As a group, research analysts predict that American Water Works Company Inc will post 3.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 1.86%. American Water Works’s payout ratio is currently 60.07%.

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

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