Livforsakringsbolaget Skandia Omsesidigt cut its position in American Water Works Company Inc (NYSE:AWK) by 40.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,611 shares of the utilities provider’s stock after selling 1,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in American Water Works were worth $142,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of American Water Works by 6.6% in the second quarter. Morgan Stanley now owns 1,537,902 shares of the utilities provider’s stock valued at $131,307,000 after buying an additional 94,686 shares in the last quarter. Carillon Tower Advisers Inc. grew its stake in shares of American Water Works by 1,172.0% in the second quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock valued at $26,092,000 after buying an additional 281,575 shares in the last quarter. Bank of Montreal Can grew its stake in shares of American Water Works by 39.1% in the third quarter. Bank of Montreal Can now owns 331,623 shares of the utilities provider’s stock valued at $29,172,000 after buying an additional 93,180 shares in the last quarter. Cadence Capital Management LLC bought a new position in shares of American Water Works in the second quarter valued at $226,000. Finally, Unigestion Holding SA bought a new position in shares of American Water Works in the second quarter valued at $24,107,000. 83.45% of the stock is owned by institutional investors and hedge funds.
In other American Water Works news, SVP Loyd A. Warnock sold 10,520 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the completion of the sale, the senior vice president now owns 12,322 shares of the company’s stock, valued at approximately $1,082,610.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Melanie M. Kennedy sold 1,114 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $88.78, for a total value of $98,900.92. The disclosure for this sale can be found here. Insiders have sold a total of 21,634 shares of company stock valued at $1,918,888 in the last ninety days. Insiders own 0.35% of the company’s stock.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The business had revenue of $976.00 million during the quarter, compared to the consensus estimate of $946.35 million. During the same quarter last year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that American Water Works Company Inc will post 3.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 8th. American Water Works’s dividend payout ratio is 60.07%.
Several equities analysts recently weighed in on AWK shares. ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Evercore ISI assumed coverage on American Water Works in a report on Monday, September 17th. They set an “outperform” rating and a $96.00 price target for the company. Finally, Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. American Water Works has an average rating of “Buy” and a consensus target price of $90.42.
American Water Works Profile
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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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