First Trust Advisors LP Raises Position in American Water Works Company Inc (NYSE:AWK)

Share on StockTwits

First Trust Advisors LP grew its position in American Water Works Company Inc (NYSE:AWK) by 18.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 263,876 shares of the utilities provider’s stock after acquiring an additional 40,415 shares during the period. First Trust Advisors LP’s holdings in American Water Works were worth $32,781,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AWK. Price T Rowe Associates Inc. MD boosted its holdings in shares of American Water Works by 17.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock valued at $1,017,533,000 after acquiring an additional 1,293,688 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of American Water Works by 5.7% in the second quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock valued at $1,786,029,000 after acquiring an additional 827,507 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of American Water Works in the second quarter valued at about $59,360,000. Mirova boosted its holdings in shares of American Water Works by 2,355.8% in the second quarter. Mirova now owns 428,126 shares of the utilities provider’s stock valued at $49,663,000 after acquiring an additional 410,693 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of American Water Works by 23.4% in the second quarter. California Public Employees Retirement System now owns 1,370,379 shares of the utilities provider’s stock valued at $158,964,000 after acquiring an additional 259,864 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE AWK traded up $0.98 during midday trading on Wednesday, hitting $116.36. The company had a trading volume of 319,296 shares, compared to its average volume of 981,282. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.40. American Water Works Company Inc has a twelve month low of $85.89 and a twelve month high of $129.89. The business has a 50-day simple moving average of $122.25 and a two-hundred day simple moving average of $118.26. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 4.00 and a beta of 0.06.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. American Water Works had a net margin of 17.85% and a return on equity of 10.77%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that American Water Works Company Inc will post 3.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, November 8th. American Water Works’s dividend payout ratio (DPR) is 60.61%.

Several analysts recently commented on AWK shares. ValuEngine cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Robert W. Baird raised their price objective on shares of American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Janney Montgomery Scott raised their price objective on shares of American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, Wells Fargo & Co raised their price objective on shares of American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $129.60.

In other American Water Works news, COO Walter Lynch sold 6,908 shares of American Water Works stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $126.91, for a total transaction of $876,694.28. Following the completion of the transaction, the chief operating officer now owns 113,574 shares in the company, valued at $14,413,676.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Mackenzie sold 10,000 shares of American Water Works stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total transaction of $1,291,800.00. Following the transaction, the director now owns 25,338 shares of the company’s stock, valued at approximately $3,273,162.84. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

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.

Read More: Bond

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company Inc (NYSE:AWK).

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

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.