Hexavest Inc. Sells 839 Shares of American Water Works Company Inc (AWK)

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Hexavest Inc. cut its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 29.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,998 shares of the utilities provider’s stock after selling 839 shares during the period. Hexavest Inc.’s holdings in American Water Works were worth $176,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of American Water Works by 35.7% during the second quarter. Bessemer Group Inc. now owns 3,037,757 shares of the utilities provider’s stock valued at $259,363,000 after acquiring an additional 798,684 shares during the period. Wells Fargo & Company MN raised its holdings in shares of American Water Works by 19.1% during the second quarter. Wells Fargo & Company MN now owns 3,663,972 shares of the utilities provider’s stock valued at $312,830,000 after acquiring an additional 586,729 shares during the period. BlackRock Inc. raised its holdings in shares of American Water Works by 3.3% during the second quarter. BlackRock Inc. now owns 13,605,841 shares of the utilities provider’s stock valued at $1,161,668,000 after acquiring an additional 437,246 shares during the period. Scout Investments Inc. raised its holdings in shares of American Water Works by 1,069.4% during the second quarter. Scout Investments Inc. now owns 476,025 shares of the utilities provider’s stock valued at $40,643,000 after acquiring an additional 435,317 shares during the period. Finally, Water Asset Management LLC raised its holdings in shares of American Water Works by 123.5% during the first quarter. Water Asset Management LLC now owns 577,712 shares of the utilities provider’s stock valued at $47,447,000 after acquiring an additional 319,252 shares during the period. 83.37% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Loyd A. Warnock sold 10,520 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $87.86, for a total transaction of $924,287.20. Following the transaction, the senior vice president now owns 12,322 shares in the company, valued at approximately $1,082,610.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $895,700.00. Following the transaction, the chief operating officer now owns 112,031 shares in the company, valued at approximately $10,034,616.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,634 shares of company stock worth $1,918,888. Company insiders own 0.35% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Monday, July 23rd. ValuEngine upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Evercore ISI assumed coverage on shares of American Water Works in a report on Monday, September 17th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, Boenning Scattergood restated a “neutral” rating on shares of American Water Works in a report on Thursday, June 28th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. American Water Works currently has a consensus rating of “Buy” and an average target price of $90.42.

American Water Works stock opened at $87.73 on Friday. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 3.45 and a beta of 0.11. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 1.11. American Water Works Company Inc has a twelve month low of $76.04 and a twelve month high of $92.37.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The firm had revenue of $853.00 million for the quarter, compared to analyst estimates of $866.02 million. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Equities research analysts forecast that American Water Works Company Inc will post 3.27 earnings per share for the current year.

American Water Works 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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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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