Crescent Grove Advisors LLC increased its holdings in shares of American Water Works (NYSE:AWK) by 570.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,247 shares of the utilities provider’s stock after buying an additional 17,227 shares during the period. Crescent Grove Advisors LLC’s holdings in American Water Works were worth $1,638,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Advisors Inc. raised its stake in shares of American Water Works by 349.5% during the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,045 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in American Water Works during the second quarter valued at approximately $118,000. Peddock Capital Advisors LLC acquired a new position in American Water Works during the second quarter valued at approximately $131,000. Aviance Capital Management LLC acquired a new position in American Water Works during the second quarter valued at approximately $147,000. Finally, Almanack Investment Partners LLC. acquired a new position in American Water Works during the second quarter valued at approximately $154,000. 79.75% of the stock is owned by institutional investors and hedge funds.
American Water Works (AWK) traded up $0.66 during trading on Monday, hitting $89.40. 189,700 shares of the stock traded hands, compared to its average volume of 852,730. The firm has a market capitalization of $15,829.03, a PE ratio of 30.60, a PEG ratio of 3.89 and a beta of 0.25. American Water Works has a 12 month low of $69.79 and a 12 month high of $90.49. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The company had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. equities research analysts forecast that American Water Works will post 3.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, November 9th. American Water Works’s dividend payout ratio (DPR) is presently 56.27%.
In other news, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now owns 3,659 shares of the company’s stock, valued at $328,395.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael A. Sgro sold 841 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. Insiders sold 25,167 shares of company stock valued at $2,116,734 in the last quarter. Corporate insiders own 0.34% of the company’s stock.
A number of brokerages recently issued reports on AWK. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. Janney Montgomery Scott cut shares of American Water Works from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and set a $82.00 price objective on shares of American Water Works in a report on Sunday, October 1st. Finally, Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $85.63.
American Water Works 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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