Huntington National Bank grew its stake in shares of American Water Works (NYSE:AWK) by 44.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,435 shares of the utilities provider’s stock after purchasing an additional 4,767 shares during the quarter. Huntington National Bank’s holdings in American Water Works were worth $1,249,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings 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 worth $1,417,580,000 after buying an additional 465,748 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings 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 worth $313,105,000 after buying an additional 125,587 shares in the last quarter. Franklin Resources Inc. grew its holdings 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 worth $208,915,000 after buying an additional 12,280 shares in the last quarter. Wells Fargo & Company MN grew its holdings 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 worth $197,405,000 after buying an additional 251,271 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in American Water Works by 0.5% in the 2nd quarter. Bessemer Group Inc. now owns 1,935,574 shares of the utilities provider’s stock worth $150,879,000 after buying an additional 9,699 shares in the last quarter. 79.75% of the stock is owned by institutional investors.
AWK has been the subject of a number of research reports. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $82.00 price target on shares of American Water Works in a research note on Sunday, October 1st. Janney Montgomery Scott lowered American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. American Water Works presently has an average rating of “Hold” and a consensus target price of $85.63.
In other news, COO Walter Lynch sold 3,335 shares of the 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 completion of the sale, the chief operating officer now owns 94,702 shares in the company, valued at $7,770,299.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael A. Sgro sold 841 shares of the stock in a transaction 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 25,167 shares of company stock valued at $2,116,734 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.
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Shares of American Water Works (NYSE AWK) traded up $0.78 during trading hours on Tuesday, hitting $89.52. The stock had a trading volume of 682,400 shares, compared to its average volume of 851,952. American Water Works has a one year low of $69.79 and a one year high of $90.49. The firm has a market cap of $15,829.03, a P/E ratio of 30.60, a PEG 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 (NYSE:AWK) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. research analysts expect that American Water Works will post 3.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.85%. American Water Works’s payout ratio 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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