Evermay Wealth Management LLC Continues to Hold Position in American Water Works (NYSE:AWK)
Evermay Wealth Management LLC maintained its stake in American Water Works (NYSE:AWK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,464 shares of the utilities provider’s stock at the end of the second quarter. Evermay Wealth Management LLC’s holdings in American Water Works were worth $270,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock valued at $1,129,202,000 after buying an additional 13,566,529 shares in the last quarter. Vanguard Group Inc. boosted its stake in American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock valued at $1,378,085,000 after buying an additional 657,026 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in American Water Works by 7,096.4% in the second quarter. Harbour Capital Advisors LLC now owns 655,949 shares of the utilities provider’s stock valued at $8,415,000 after buying an additional 646,834 shares in the last quarter. Cambiar Investors LLC acquired a new stake in American Water Works during the first quarter valued at approximately $41,992,000. Finally, JPMorgan Chase & Co. boosted its stake in American Water Works by 93.7% in the first quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock valued at $66,985,000 after buying an additional 416,651 shares in the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.
American Water Works (NYSE AWK) opened at 81.68 on Thursday. The stock’s 50 day moving average price is $79.98 and its 200 day moving average price is $77.57. American Water Works has a 12 month low of $69.41 and a 12 month high of $82.89. The firm has a market capitalization of $14.54 billion, a PE ratio of 30.81 and a beta of 0.25.
American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.07. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm had revenue of $844 million for the quarter, compared to analyst estimates of $869.52 million. During the same period in the prior year, the company posted $0.77 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that American Water Works will post $3.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, August 7th. American Water Works’s dividend payout ratio is 62.64%.
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AWK has been the topic of several analyst reports. Robert W. Baird cut American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the company from $69.41 to $82.00 in a research report on Wednesday, April 26th. Vetr upgraded American Water Works from a “hold” rating to a “buy” rating and set a $82.36 target price on the stock in a research report on Monday, May 1st. Zacks Investment Research cut American Water Works from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Northcoast Research initiated coverage on American Water Works in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $82.63.
In other American Water Works news, SVP Loyd A. Warnock sold 1,263 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $75.21, for a total transaction of $94,990.23. Following the transaction, the senior vice president now owns 7,055 shares of the company’s stock, valued at approximately $530,606.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.
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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