Cambiar Investors LLC Reduces Holdings in American Water Works (AWK)
Cambiar Investors LLC reduced its position in American Water Works (NYSE:AWK) by 11.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 465,411 shares of the utilities provider’s stock after selling 61,066 shares during the period. Cambiar Investors LLC owned about 0.26% of American Water Works worth $37,656,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. increased its position in American Water Works by 1.7% in the 3rd quarter. Whittier Trust Co. now owns 213,681 shares of the utilities provider’s stock worth $17,287,000 after purchasing an additional 3,607 shares during the last quarter. Swiss National Bank increased its position in American Water Works by 3.1% in the 2nd quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock worth $54,715,000 after purchasing an additional 21,000 shares during the last quarter. Forsta AP Fonden increased its position in American Water Works by 17.5% in the 3rd quarter. Forsta AP Fonden now owns 168,800 shares of the utilities provider’s stock worth $13,658,000 after purchasing an additional 25,100 shares during the last quarter. Ameriprise Financial Inc. increased its position in American Water Works by 9.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock worth $85,920,000 after purchasing an additional 95,303 shares during the last quarter. Finally, Scout Investments Inc. increased its position in American Water Works by 5.7% in the 2nd quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock worth $40,561,000 after purchasing an additional 28,279 shares during the last quarter. 79.75% of the stock is currently owned by institutional investors.
American Water Works (AWK) traded down $0.57 on Monday, reaching $88.74. The company’s stock had a trading volume of 693,300 shares, compared to its average volume of 852,730. The firm has a market cap of $15,829.03, a price-to-earnings ratio of 30.60, a P/E/G ratio of 3.89 and a beta of 0.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. American Water Works has a 12-month low of $69.79 and a 12-month high of $90.49.
American Water Works (NYSE:AWK) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.08. The firm had revenue of $936.00 million for the quarter, compared to analyst estimates of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. equities research analysts expect that American Water Works will post 3.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, November 9th. American Water Works’s dividend payout ratio (DPR) is currently 56.27%.
In other American Water Works news, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael A. Sgro sold 841 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value of $75,715.23. The disclosure for this sale can be found here. Insiders sold a total of 25,167 shares of company stock worth $2,116,734 in the last ninety days. Insiders own 0.34% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and set a $82.00 price objective on shares of American Water Works in a report on Sunday, October 1st. Bank of America Corporation assumed coverage on American Water Works in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. American Water Works presently has an average rating of “Hold” and a consensus target price of $85.63.
American Water Works 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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