Eagle Capital Management LLC Has $3,371,000 Stake in American Water Works (AWK)
Eagle Capital Management LLC lowered its position in American Water Works (NYSE:AWK) by 39.4% during the second quarter, Holdings Channel reports. The institutional investor owned 39,886 shares of the company’s stock after selling 25,898 shares during the period. American Water Works makes up about 3.7% of Eagle Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Eagle Capital Management LLC’s holdings in American Water Works were worth $3,371,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in American Water Works by 139.3% in the first quarter. State Street Corp now owns 9,472,712 shares of the company’s stock worth $652,950,000 after buying an additional 5,514,095 shares in the last quarter. Geode Capital Management LLC boosted its position in American Water Works by 36.4% in the first quarter. Geode Capital Management LLC now owns 1,586,446 shares of the company’s stock worth $109,150,000 after buying an additional 423,123 shares in the last quarter. PGGM Investments boosted its position in American Water Works by 126.7% in the second quarter. PGGM Investments now owns 730,189 shares of the company’s stock worth $61,708,000 after buying an additional 408,115 shares in the last quarter. Bank of Montreal Can purchased a new position in American Water Works during the second quarter worth approximately $33,057,000. Finally, UBS Asset Management Americas Inc. boosted its position in American Water Works by 57.7% in the first quarter. UBS Asset Management Americas Inc. now owns 929,011 shares of the company’s stock worth $64,036,000 after buying an additional 339,812 shares in the last quarter. 82.62% of the stock is owned by hedge funds and other institutional investors.
American Water Works (NYSE:AWK) traded up 0.17% during midday trading on Monday, hitting $71.85. 209,823 shares of the stock traded hands. The company’s 50-day moving average is $73.99 and its 200 day moving average is $75.79. The firm has a market cap of $12.78 billion, a P/E ratio of 26.20 and a beta of 0.17. American Water Works has a 12-month low of $55.13 and a 12-month high of $85.24.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. American Water Works had a net margin of 15.14% and a return on equity of 9.62%. The firm earned $827 million during the quarter, compared to analysts’ expectations of $832.47 million. During the same period last year, the business earned $0.68 earnings per share. American Water Works’s revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that American Water Works will post $2.83 EPS for the current fiscal year.
AWK has been the subject of a number of recent analyst reports. Bank of America Corp. cut shares of American Water Works from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $71.92 to $88.00 in a research note on Wednesday, July 6th. They noted that the move was a valuation call. Argus started coverage on shares of American Water Works in a research report on Friday, June 24th. They issued a “buy” rating and a $88.00 price objective for the company. Vetr raised shares of American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 price objective for the company in a research report on Thursday, August 4th. Barclays PLC lowered their price objective on shares of American Water Works from $87.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, September 6th. Finally, Robert W. Baird started coverage on shares of American Water Works in a research report on Friday. They issued an “outperform” rating and a $82.00 price objective for the company. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $82.17.
In related news, SVP Mark F. Strauss sold 15,467 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $76.08, for a total transaction of $1,176,729.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Walter Lynch sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $76.00, for a total transaction of $760,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.
About American Water Works
American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.
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