Pennsylvania Trust Co increased its stake in shares of American Water Works (NYSE:AWK) by 279.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,556 shares of the utilities provider’s stock after buying an additional 25,455 shares during the period. Pennsylvania Trust Co’s holdings in American Water Works were worth $2,694,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock valued at $115,000 after buying an additional 294 shares during the last quarter. Van ECK Associates Corp raised its stake in American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock valued at $120,000 after buying an additional 236 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in American Water Works during the first quarter valued at $121,000. First National Trust Co. bought a new stake in American Water Works during the first quarter valued at $203,000. Finally, Atlantic Trust LLC bought a new stake in American Water Works during the first quarter valued at $206,000. Institutional investors own 80.59% of the company’s stock.
American Water Works (NYSE:AWK) traded up 1.35% during mid-day trading on Wednesday, reaching $78.80. The company’s stock had a trading volume of 70,221 shares. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 29.40 and a beta of 0.24. American Water Works has a 12-month low of $69.41 and a 12-month high of $83.39. The firm’s 50 day moving average price is $78.73 and its 200 day moving average price is $76.08.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. American Water Works had a return on equity of 9.92% and a net margin of 14.45%. The business had revenue of $756 million for the quarter, compared to analyst estimates of $759.54 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts predict that American Water Works will post $3.03 earnings per share for the current year.
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Several analysts recently weighed in on AWK shares. BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Vetr upgraded American Water Works from a “hold” rating to a “buy” rating and set a $82.36 target price on the stock in a research note on Monday, May 1st. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Tuesday. HSBC Holdings plc lowered American Water Works from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research note on Wednesday, March 15th. Finally, Northcoast Research began coverage on American Water Works in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $82.63.
In related news, SVP Loyd A. Warnock sold 1,263 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $75.21, for a total value of $94,990.23. Following the sale, the senior vice president now owns 7,055 shares in the company, valued at approximately $530,606.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Loyd A. Warnock sold 2,236 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $75.73, for a total value of $169,332.28. The disclosure for this sale can be found here. 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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