American Water Works Company Inc (AWK) is Chelsea Counsel Co.’s 9th Largest Position

Chelsea Counsel Co. cut its stake in American Water Works Company Inc (NYSE:AWK) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,151 shares of the utilities provider’s stock after selling 12,357 shares during the period. American Water Works comprises about 3.3% of Chelsea Counsel Co.’s holdings, making the stock its 9th largest holding. Chelsea Counsel Co.’s holdings in American Water Works were worth $6,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. LGT Capital Partners LTD. boosted its holdings in American Water Works by 0.9% in the fourth quarter. LGT Capital Partners LTD. now owns 185,930 shares of the utilities provider’s stock valued at $17,011,000 after purchasing an additional 1,570 shares during the period. Jaffetilchin Investment Partners LLC purchased a new stake in American Water Works during the 4th quarter worth about $401,000. Aurora Investment Counsel purchased a new stake in American Water Works during the 4th quarter worth about $2,210,000. Neville Rodie & Shaw Inc. purchased a new stake in American Water Works during the 4th quarter worth about $235,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in American Water Works by 12.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 319,068 shares of the utilities provider’s stock worth $25,816,000 after buying an additional 36,192 shares during the last quarter. Hedge funds and other institutional investors own 80.79% of the company’s stock.

AWK has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded American Water Works from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Robert W. Baird lifted their price target on American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Janney Montgomery Scott downgraded 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. Wells Fargo & Co set a $89.00 price target on American Water Works and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Guggenheim downgraded American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. American Water Works presently has a consensus rating of “Hold” and a consensus price target of $90.01.

In other news, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the sale, the insider now directly owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael A. Sgro sold 841 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value of $75,715.23. The disclosure for this sale can be found here. Insiders sold a total of 6,856 shares of company stock valued at $616,700 over the last three months. Company insiders own 0.34% of the company’s stock.

American Water Works Company Inc (NYSE:AWK) traded down $0.96 during trading on Friday, hitting $84.74. The stock had a trading volume of 1,394,200 shares, compared to its average volume of 1,066,500. American Water Works Company Inc has a fifty-two week low of $69.96 and a fifty-two week high of $92.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The stock has a market cap of $14,540.00, a P/E ratio of 28.73, a P/E/G ratio of 3.55 and a beta of 0.27.

American Water Works (NYSE:AWK) last posted its 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. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. During the same period in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. sell-side analysts forecast that American Water Works Company Inc will post 3.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s payout ratio is currently 56.27%.

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About American Water Works

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

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