American Water Works Company Inc (AWK) Stake Raised by Trillium Asset Management LLC
Trillium Asset Management LLC grew its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 369,852 shares of the utilities provider’s stock after purchasing an additional 12,422 shares during the quarter. American Water Works makes up approximately 1.6% of Trillium Asset Management LLC’s holdings, making the stock its 9th biggest position. Trillium Asset Management LLC owned about 0.20% of American Water Works worth $32,536,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AWK. Bessemer Group Inc. increased its position in shares of American Water Works by 35.7% during the 2nd quarter. Bessemer Group Inc. now owns 3,037,757 shares of the utilities provider’s stock valued at $259,363,000 after purchasing an additional 798,684 shares during the last quarter. Wells Fargo & Company MN boosted its stake in American Water Works by 19.1% in the 2nd quarter. Wells Fargo & Company MN now owns 3,663,972 shares of the utilities provider’s stock worth $312,830,000 after purchasing an additional 586,729 shares during the period. BlackRock Inc. boosted its stake in American Water Works by 3.3% in the 2nd quarter. BlackRock Inc. now owns 13,605,841 shares of the utilities provider’s stock worth $1,161,668,000 after purchasing an additional 437,246 shares during the period. Unigestion Holding SA bought a new position in American Water Works in the 2nd quarter worth approximately $24,107,000. Finally, Carillon Tower Advisers Inc. boosted its stake in American Water Works by 1,172.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock worth $26,092,000 after purchasing an additional 281,575 shares during the period. 82.85% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE AWK traded up $0.59 during midday trading on Monday, reaching $93.84. 62,495 shares of the stock traded hands, compared to its average volume of 894,971. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.46. The company has a market capitalization of $16.84 billion, a P/E ratio of 30.97, a P/E/G ratio of 3.63 and a beta of 0.10. American Water Works Company Inc has a one year low of $76.04 and a one year high of $93.55.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 12th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.94%. American Water Works’s dividend payout ratio is currently 60.07%.
In other American Water Works news, COO Walter Lynch sold 10,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $89.57, for a total value of $895,700.00. Following the sale, the chief operating officer now owns 112,031 shares in the company, valued at $10,034,616.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Karl F. Kurz bought 1,000 shares of American Water Works stock in a transaction on Tuesday, November 13th. The stock was acquired at an average price of $91.30 per share, for a total transaction of $91,300.00. The disclosure for this purchase can be found here. Insiders have sold a total of 25,520 shares of company stock worth $2,278,437 in the last 90 days. 0.35% of the stock is currently owned by insiders.
Several research analysts have weighed in on the company. ValuEngine downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Evercore ISI assumed coverage on American Water Works in a research note on Monday, September 17th. They issued an “outperform” rating and a $96.00 price target for the company. Finally, Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. American Water Works presently has an average rating of “Buy” and a consensus target price of $90.62.
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American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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