IFM Investors Pty Ltd Acquires 5,411 Shares of American Water Works Company Inc (NYSE:AWK)

IFM Investors Pty Ltd grew its holdings in American Water Works Company Inc (NYSE:AWK) by 39.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,966 shares of the utilities provider’s stock after acquiring an additional 5,411 shares during the quarter. IFM Investors Pty Ltd’s holdings in American Water Works were worth $2,356,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. JNBA Financial Advisors raised its stake in American Water Works by 28.6% in the second quarter. JNBA Financial Advisors now owns 450 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 100 shares in the last quarter. Braun Stacey Associates Inc. raised its stake in American Water Works by 4.9% in the second quarter. Braun Stacey Associates Inc. now owns 67,829 shares of the utilities provider’s stock valued at $7,868,000 after purchasing an additional 3,190 shares in the last quarter. Davis R M Inc. raised its stake in American Water Works by 0.8% in the second quarter. Davis R M Inc. now owns 456,143 shares of the utilities provider’s stock valued at $52,913,000 after purchasing an additional 3,514 shares in the last quarter. Bank of Montreal Can raised its stake in American Water Works by 107.8% in the second quarter. Bank of Montreal Can now owns 442,534 shares of the utilities provider’s stock valued at $51,333,000 after purchasing an additional 229,535 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in American Water Works by 485.3% in the second quarter. Cubist Systematic Strategies LLC now owns 114,282 shares of the utilities provider’s stock valued at $13,257,000 after purchasing an additional 94,757 shares in the last quarter. 85.09% of the stock is owned by institutional investors.

In other news, COO Walter Lynch sold 6,908 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 113,574 shares of the company’s stock, valued at $14,413,676.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Mackenzie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 directly owns 25,338 shares of the company’s stock, valued at approximately $3,273,162.84. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

NYSE AWK traded down $0.63 during trading on Friday, hitting $117.52. 18,539 shares of the company’s stock were exchanged, compared to its average volume of 904,564. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.40. The company has a market cap of $21.71 billion, a PE ratio of 35.58, a P/E/G ratio of 4.13 and a beta of 0.06. American Water Works Company Inc has a fifty-two week low of $85.89 and a fifty-two week high of $129.89. The stock’s 50 day moving average price is $122.81 and its two-hundred day moving average price is $118.03.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts forecast that American Water Works Company Inc will post 3.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 8th. American Water Works’s dividend payout ratio is currently 60.61%.

A number of research firms recently commented on AWK. Robert W. Baird boosted their price target on American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. ValuEngine downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America downgraded American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research note on Monday, July 15th. They noted that the move was a valuation call. Wells Fargo & Co boosted their target price on American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Finally, Janney Montgomery Scott boosted their target price on American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $129.60.

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

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