O Shares Investment Advisers LLC grew its position in shares of American Water Works Company Inc (NYSE:AWK) by 3.0% during the first quarter, HoldingsChannel.com reports. The fund owned 6,028 shares of the utilities provider’s stock after purchasing an additional 176 shares during the period. O Shares Investment Advisers LLC’s holdings in American Water Works were worth $628,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Barrett Asset Management LLC bought a new position in American Water Works in the 1st quarter valued at approximately $25,000. Larson Financial Group LLC bought a new position in American Water Works in the 4th quarter valued at approximately $28,000. Citizens Financial Group Inc RI bought a new position in American Water Works in the 1st quarter valued at approximately $30,000. Capital Financial Planning LLC bought a new position in American Water Works in the 4th quarter valued at approximately $31,000. Finally, Financial Gravity Companies Inc. bought a new position in American Water Works in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 84.42% of the company’s stock.
In other news, insider Susan N. Story sold 28,457 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $113.84, for a total value of $3,239,544.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Loyd A. Warnock sold 9,502 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $111.04, for a total value of $1,055,102.08. Following the completion of the sale, the senior vice president now owns 18,314 shares of the company’s stock, valued at approximately $2,033,586.56. The disclosure for this sale can be found here. Insiders sold a total of 66,556 shares of company stock valued at $7,477,635 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.02). The firm had revenue of $813.00 million for the quarter, compared to the consensus estimate of $792.73 million. American Water Works had a net margin of 16.44% and a return on equity of 10.25%. American Water Works’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. Equities research analysts anticipate that American Water Works Company Inc will post 3.6 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Monday, May 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.71%. This is a positive change from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 10th. American Water Works’s dividend payout ratio is 60.61%.
AWK has been the topic of several analyst reports. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $102.00 price objective on shares of American Water Works in a research report on Thursday, February 21st. Wells Fargo & Co reissued a “buy” rating on shares of American Water Works in a report on Wednesday, February 20th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Thursday, May 16th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Finally, Bank of America increased their price target on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. American Water Works currently has an average rating of “Buy” and a consensus price target of $109.67.
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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 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; and other utilities and community water and wastewater systems.
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