Arcus Capital Partners LLC Continues to Hold Position in American Water Works (AWK)
Arcus Capital Partners LLC continued to hold its position in American Water Works (NYSE:AWK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the utilities provider’s stock at the close of the second quarter. Arcus Capital Partners LLC’s holdings in American Water Works were worth $390,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Cornerstone Advisors Inc. lifted 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 worth $105,000 after buying an additional 1,045 shares during the last quarter. Parallel Advisors LLC lifted 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 worth $115,000 after buying an additional 294 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in American Water Works in the second quarter worth $118,000. Van ECK Associates Corp lifted 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 worth $120,000 after buying an additional 236 shares during the last quarter. Finally, Peddock Capital Advisors LLC bought a new stake in American Water Works in the second quarter worth $131,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.
A number of analysts recently issued reports on AWK shares. BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded 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. Robert W. Baird restated a “hold” rating and issued a $82.00 price target on shares of American Water Works in a research report on Sunday, October 1st. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Finally, Vetr downgraded 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. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.86.
American Water Works (NYSE AWK) traded up 0.41% during mid-day trading on Thursday, reaching $84.79. The company’s stock had a trading volume of 607,868 shares. The firm’s 50 day moving average price is $81.98 and its 200 day moving average price is $79.86. American Water Works has a 12-month low of $69.41 and a 12-month high of $85.17. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 32.01 and a beta of 0.25.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). The company had revenue of $844.00 million for the quarter, compared to analyst estimates 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 period last year, the firm posted $0.77 EPS. On average, equities analysts predict that American Water Works will post $3.00 earnings per share for the current year.
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In other news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.
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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