BNP Paribas Arbitrage SA Sells 159,419 Shares of American Water Works (AWK)
BNP Paribas Arbitrage SA lowered its stake in American Water Works (NYSE:AWK) by 42.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,726 shares of the utilities provider’s stock after selling 159,419 shares during the period. BNP Paribas Arbitrage SA’s holdings in American Water Works were worth $16,816,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Cornerstone Advisors Inc. boosted its position in American Water Works by 349.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,045 shares in the last quarter. Parallel Advisors LLC boosted its position in American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock valued at $115,000 after buying an additional 294 shares in the last quarter. Van ECK Associates Corp boosted its position in 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 valued at $120,000 after buying an additional 236 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in American Water Works during the first quarter valued at $121,000. Finally, First National Trust Co. acquired a new position in American Water Works during the first quarter valued at $203,000. Institutional investors and hedge funds own 80.72% of the company’s stock.
American Water Works (NYSE:AWK) opened at 81.44 on Friday. The stock has a market cap of $14.52 billion, a PE ratio of 30.74 and a beta of 0.25. The stock’s 50 day moving average price is $80.19 and its 200-day moving average price is $78.00. American Water Works has a 12 month low of $69.41 and a 12 month high of $82.89.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.07. The firm had revenue of $844 million during the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $0.77 earnings per share. Analysts anticipate that American Water Works will post $3.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.04%. American Water Works’s dividend payout ratio (DPR) is currently 62.64%.
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Several research firms have weighed in on AWK. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Vetr cut American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective on the stock. in a research report on Wednesday, June 14th. Northcoast Research began coverage on American Water Works in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, Robert W. Baird cut American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. American Water Works presently has an average rating of “Hold” and a consensus target price of $82.63.
American Water Works Company Profile
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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