Financial Architects Inc Reduces Stake in American Water Works (AWK)
Financial Architects Inc lowered its position in American Water Works (NYSE:AWK) by 21.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,967 shares of the utilities provider’s stock after selling 1,589 shares during the period. Financial Architects Inc’s holdings in American Water Works were worth $465,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in AWK. Parallel Advisors LLC boosted its stake in shares of American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock worth $115,000 after buying an additional 294 shares during the period. Van ECK Associates Corp boosted its stake in shares of American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock worth $120,000 after buying an additional 236 shares during the period. Crestwood Advisors Group LLC acquired a new stake in shares of American Water Works during the first quarter worth $121,000. First National Trust Co. acquired a new stake in shares of American Water Works during the first quarter worth $203,000. Finally, Atlantic Trust LLC acquired a new stake in shares of American Water Works during the first quarter worth $206,000. 81.01% of the stock is owned by hedge funds and other institutional investors.
American Water Works (NYSE AWK) traded down 0.66% during trading on Monday, reaching $81.38. 134,569 shares of the company’s stock were exchanged. American Water Works has a 1-year low of $69.41 and a 1-year high of $83.21. The company’s 50-day moving average is $79.51 and its 200-day moving average is $76.66. The company has a market capitalization of $14.50 billion, a PE ratio of 30.37 and a beta of 0.24.
American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, May 3rd. The utilities provider reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $756 million for the quarter, compared to the consensus estimate of $759.54 million. American Water Works had a net margin of 14.45% and a return on equity of 9.92%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Equities research analysts expect that American Water Works will post $3.03 earnings per share for the current fiscal year.
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A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Tuesday, July 11th. BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a research report on Wednesday, June 14th. Northcoast Research assumed coverage on shares of American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating for the company. Finally, Robert W. Baird cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. American Water Works presently has a consensus rating of “Hold” and a consensus target price of $82.63.
In related news, SVP Loyd A. Warnock sold 1,263 shares of American Water Works stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total value of $94,990.23. Following the transaction, the senior vice president now owns 7,055 shares in the company, valued at approximately $530,606.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.
About American Water Works
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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