Benjamin F. Edwards & Company Inc. Sells 600 Shares of American Water Works Company Inc (AWK)

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Benjamin F. Edwards & Company Inc. reduced its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,649 shares of the utilities provider’s stock after selling 600 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in American Water Works were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of American Water Works by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 435,374 shares of the utilities provider’s stock worth $35,757,000 after purchasing an additional 3,171 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of American Water Works by 6.3% during the 1st quarter. Allianz Asset Management GmbH now owns 843,738 shares of the utilities provider’s stock worth $69,296,000 after purchasing an additional 50,168 shares during the last quarter. DnB Asset Management AS boosted its stake in shares of American Water Works by 5.7% during the 2nd quarter. DnB Asset Management AS now owns 29,628 shares of the utilities provider’s stock worth $2,530,000 after purchasing an additional 1,600 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of American Water Works by 43.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 8,434 shares of the utilities provider’s stock worth $720,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Peoples Financial Services CORP. boosted its stake in shares of American Water Works by 12.6% during the 2nd quarter. Peoples Financial Services CORP. now owns 11,625 shares of the utilities provider’s stock worth $992,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 83.45% of the company’s stock.

American Water Works stock opened at $88.53 on Thursday. American Water Works Company Inc has a 12-month low of $76.04 and a 12-month high of $92.79. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 3.52 and a beta of 0.11. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.27 and a current ratio of 0.28.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.04. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The company had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $946.35 million. During the same period last year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities research analysts expect that American Water Works Company Inc will post 3.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.06%. American Water Works’s dividend payout ratio is presently 60.07%.

In related news, COO Walter Lynch sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total value of $895,700.00. Following the sale, the chief operating officer now directly owns 112,031 shares of the company’s stock, valued at $10,034,616.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Loyd A. Warnock sold 10,520 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the completion of the sale, the senior vice president now directly owns 12,322 shares in the company, valued at $1,082,610.92. The disclosure for this sale can be found here. Insiders sold 21,634 shares of company stock worth $1,918,888 over the last three months. Corporate insiders own 0.35% of the company’s stock.

Several research firms have issued reports on AWK. ValuEngine cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Evercore ISI began coverage on shares of American Water Works in a research note on Monday, September 17th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. American Water Works presently has a consensus rating of “Buy” and an average target price of $90.42.

About American Water Works

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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