Penobscot Investment Management Company Inc.boosted its position in shares of American Water Works Company, Inc.(NYSE:AWK) by 18.5% in the third quarter, HoldingsChannel.com reports.The fund owned 7,050 shares of the utilities provider’s stock after acquiring an additional 1,100 shares during the quarter.Penobscot Investment Management Company Inc.’s holdings in American Water Works were worth $1,021,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business.Brookfield Asset Management Inc.
acquired a new position in American Water Works in the second quarter valued at approximately $227,091,000.Nordea Investment Management AB boosted its stake in shares of American Water Works by 84.3% during the second quarter.
Nordea Investment Management AB now owns 2,239,400 shares of the utilities provider’s stock worth $282,556,000 after buying an additional 1,024,109 shares during the period.CIBC Private Wealth Group LLC boosted its stake in shares of American Water Works by 5,107.4% during the second quarter.CIBC Private Wealth Group LLC now owns 887,864 shares of the utilities provider’s stock worth $114,233,000 after buying an additional 870,814 shares during the period.Assenagon Asset Management S.A.
boosted its stake in shares of American Water Works by 1,683.3% during the third quarter.Assenagon Asset Management S.A.now owns 377,125 shares of the utilities provider’s stock worth $54,638,000 after buying an additional 355,977 shares during the period.Finally, FIL Ltd boosted its stake in shares of American Water Works by 34.2% during the second quarter.
FIL Ltd now owns 916,456 shares of the utilities provider’s stock worth $117,911,000 after buying an additional 233,537 shares during the period.82.51% of the stock is owned by institutional investors.
Get American Water Works alerts: AWK stock opened at $161.13 on Friday.The firm has a 50 day moving average of $150.34 and a 200-day moving average of $137.61.American Water Works Company, Inc.
has a 12-month low of $92.00 and a 12-month high of $162.84.The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 1.51.The company has a market cap of $29.20 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 5.01 and a beta of 0.20.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Monday, November 9th.The utilities provider reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.08.
American Water Works had a net margin of 17.63% and a return on equity of 11.15%.The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion.During the same period last year, the firm earned $1.33 EPS.The company’s revenue for the quarter was up 6.5% on a year-over-year basis.Sell-side analysts forecast that American Water Works Company, Inc.will post 3.9 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd.Stockholders of record on Tuesday, November 10th will be given a dividend of $0.55 per share.The ex-dividend date of this dividend is Monday, November 9th.
This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.37%.American Water Works’s payout ratio is 60.94%.
In other news, SVP Maureen Duffy sold 4,659 shares of the firm’s stock in a transaction that occurred on Monday, August 10th.The shares were sold at an average price of $149.80, for a total transaction of $697,918.20.Following the completion of the transaction, the senior vice president now directly owns 21,606 shares of the company’s stock, valued at approximately $3,236,578.80.The sale was disclosed in a filing with the SEC, which is available at the SEC website .Also, CEO Walter Lynch sold 8,454 shares of the firm’s stock in a transaction that occurred on Monday, August 10th.The stock was sold at an average price of $148.82, for a total transaction of $1,258,124.28.Following the transaction, the chief executive officer now directly owns 127,338 shares of the company’s stock, valued at $18,950,441.16.
The disclosure for this sale can be found here .Over the last quarter, insiders have sold 13,722 shares of company stock valued at $2,043,605.Insiders own 0.30% of the company’s stock.
A number of equities research analysts recently commented on the stock.Wells Fargo & Company restated a “hold” rating on shares of American Water Works in a research report on Thursday, August 6th.Barclays assumed coverage on shares of American Water Works in a research report on Wednesday, July 15th.They issued an “equal weight” rating and a $138.00 price objective for the company.Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 13th.Finally, HSBC downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $142.00 price objective for the company.
in a research report on Friday, August 28th.
Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock.
The stock currently has a consensus rating of “Hold” and a consensus price target of $136.23.
American Water Works Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States.It offers water and wastewater services to approximately 1,700 communities in 16 states serving approximately 3.4 million active customers.The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.
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