New York State Teachers Retirement System trimmed its position in American Water Works (NYSE:AWK) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,711 shares of the utilities provider’s stock after selling 17,095 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of American Water Works worth $21,013,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in American Water Works by 2.6% during 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 buying an additional 465,748 shares during the period. Pictet Asset Management Ltd. raised its holdings in American Water Works by 3.2% during 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 buying an additional 125,587 shares during the period. Franklin Resources Inc. raised its holdings in American Water Works by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock valued at $208,915,000 after buying an additional 12,280 shares during the period. Wells Fargo & Company MN raised its holdings in American Water Works by 11.0% during 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 buying an additional 251,271 shares during the period. Finally, Bessemer Group Inc. raised its holdings in American Water Works by 0.5% during the 2nd quarter. Bessemer Group Inc. now owns 1,935,574 shares of the utilities provider’s stock valued at $150,879,000 after buying an additional 9,699 shares during the period. Institutional investors and hedge funds own 79.75% of the company’s stock.
AWK has been the topic of several research reports. Robert W. Baird restated a “hold” rating and set a $82.00 price target on shares of American Water Works in a research note on Sunday, October 1st. BidaskClub downgraded American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Bank of America Corporation initiated coverage on American Water Works in a research report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Zacks Investment Research downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. One equities 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’s stock. The company has an average rating of “Hold” and an average target price of $85.63.
American Water Works (AWK) opened at $90.71 on Wednesday. The firm has a market capitalization of $15,968.17, a P/E ratio of 30.87, a P/E/G ratio of 3.92 and a beta of 0.25. American Water Works has a 12-month low of $69.96 and a 12-month high of $90.76. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21.
American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.08. The business had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. equities analysts predict that American Water Works will post 3.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, November 9th. American Water Works’s dividend payout ratio is presently 56.27%.
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In other American Water Works news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 3,659 shares in the company, valued at approximately $328,395.25. The disclosure for this sale can be found here. Insiders sold 25,167 shares of company stock worth $2,116,734 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.
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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