American Water Works (AWK) Shares Bought by HighPoint Advisor Group LLC
HighPoint Advisor Group LLC raised its holdings in American Water Works (NYSE:AWK) by 240.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,140 shares of the utilities provider’s stock after acquiring an additional 6,459 shares during the quarter. HighPoint Advisor Group LLC’s holdings in American Water Works were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in American Water Works by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock valued at $1,417,580,000 after acquiring an additional 465,748 shares during the last quarter. Pictet Asset Management Ltd. grew its position in American Water Works by 3.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock valued at $313,105,000 after acquiring an additional 125,587 shares during the last quarter. Franklin Resources Inc. grew its position in American Water Works by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock valued at $208,915,000 after acquiring an additional 12,280 shares during the last quarter. Wells Fargo & Company MN grew its position in American Water Works by 11.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,532,449 shares of the utilities provider’s stock valued at $197,405,000 after acquiring an additional 251,271 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in American Water Works by 0.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock valued at $157,514,000 after acquiring an additional 11,197 shares during the last quarter. 79.75% of the stock is currently owned by institutional investors.
In related news, insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the completion of the sale, the insider now directly owns 3,659 shares in the company, valued at approximately $328,395.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Walter Lynch sold 15,169 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $82.00, for a total value of $1,243,858.00. Following the sale, the chief operating officer now owns 111,171 shares of the company’s stock, valued at $9,116,022. The disclosure for this sale can be found here. Insiders have sold a total of 25,167 shares of company stock valued at $2,116,734 over the last 90 days. 0.34% of the stock is currently owned by company insiders.
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AWK has been the topic of several research analyst reports. Bank of America Corporation initiated coverage on American Water Works in a research report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price objective on the stock. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $82.00 target price on shares of American Water Works in a report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $85.63.
Shares of American Water Works (NYSE AWK) traded up $0.78 during mid-day trading on Tuesday, hitting $89.52. The company’s stock had a trading volume of 682,400 shares, compared to its average volume of 851,952. American Water Works has a twelve month low of $69.79 and a twelve month high of $90.49. The stock has a market cap of $15,829.03, a PE ratio of 30.60, a price-to-earnings-growth ratio of 3.89 and a beta of 0.25. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The business had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $992.58 million. During the same period in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. analysts forecast that American Water Works will post 3.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, November 9th. American Water Works’s dividend payout ratio (DPR) is currently 56.27%.
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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