Keybank National Association OH lessened its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,735 shares of the utilities provider’s stock after selling 9,320 shares during the period. Keybank National Association OH owned approximately 0.18% of American Water Works worth $39,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Beese Fulmer Investment Management Inc. purchased a new position in American Water Works in the second quarter valued at $207,000. DNB Asset Management AS increased its holdings in American Water Works by 56.0% in the second quarter. DNB Asset Management AS now owns 41,679 shares of the utilities provider’s stock valued at $4,835,000 after buying an additional 14,963 shares in the last quarter. Calton & Associates Inc. purchased a new position in American Water Works in the second quarter valued at $570,000. Crossmark Global Holdings Inc. increased its holdings in American Water Works by 1.4% in the second quarter. Crossmark Global Holdings Inc. now owns 15,699 shares of the utilities provider’s stock valued at $1,821,000 after buying an additional 217 shares in the last quarter. Finally, Pennsylvania Trust Co increased its stake in shares of American Water Works by 2.1% during the second quarter. Pennsylvania Trust Co now owns 39,542 shares of the utilities provider’s stock worth $4,587,000 after purchasing an additional 825 shares in the last quarter. 85.09% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on AWK shares. Janney Montgomery Scott boosted their target price on shares of American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Bank of America cut shares of 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. Robert W. Baird boosted their target price on shares of American Water Works from $117.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. ValuEngine cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co boosted their target price on shares of 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. American Water Works currently has a consensus rating of “Hold” and an average target price of $129.60.
In related news, COO Walter Lynch sold 6,908 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $126.91, for a total transaction of $876,694.28. Following the transaction, the chief operating officer now directly owns 113,574 shares in the company, valued at $14,413,676.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Mackenzie sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total transaction of $1,291,800.00. Following 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. Insiders own 0.36% of the company’s stock.
Shares of AWK stock traded down $2.20 on Friday, reaching $115.95. 785,915 shares of the company were exchanged, compared to its average volume of 904,564. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 4.13 and a beta of 0.06. The business has a 50-day moving average price of $122.81 and a 200 day moving average price of $118.03. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.51 and a current ratio of 0.54. American Water Works Company Inc has a 1 year low of $85.89 and a 1 year high of $129.89.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. American Water Works had a net margin of 17.85% and a return on equity of 10.77%. American Water Works’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. As a group, equities analysts anticipate that American Water Works Company Inc will post 3.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.72%. American Water Works’s payout ratio is presently 60.61%.
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 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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