Parsons Capital Management Inc. RI Sells 1,919 Shares of American Water Works Company Inc (NYSE:AWK)

Parsons Capital Management Inc. RI decreased its stake in American Water Works Company Inc (NYSE:AWK) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,112 shares of the utilities provider’s stock after selling 1,919 shares during the period. Parsons Capital Management Inc. RI’s holdings in American Water Works were worth $3,377,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AWK. BlackRock Inc. grew its holdings in shares of American Water Works by 1.6% during the 1st quarter. BlackRock Inc. now owns 14,569,294 shares of the utilities provider’s stock valued at $1,518,993,000 after purchasing an additional 234,206 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of American Water Works by 2.0% during the 1st quarter. Wells Fargo & Company MN now owns 3,746,952 shares of the utilities provider’s stock valued at $390,657,000 after purchasing an additional 74,131 shares during the last quarter. Northern Trust Corp grew its holdings in shares of American Water Works by 3.4% during the 1st quarter. Northern Trust Corp now owns 3,668,158 shares of the utilities provider’s stock valued at $382,443,000 after purchasing an additional 122,185 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of American Water Works by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,362,440 shares of the utilities provider’s stock valued at $214,070,000 after purchasing an additional 161,731 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of American Water Works by 7.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,985,217 shares of the utilities provider’s stock valued at $206,979,000 after purchasing an additional 135,902 shares during the last quarter. 84.23% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Susan N. Story sold 28,457 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $113.84, for a total value of $3,239,544.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Loyd A. Warnock sold 4,023 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $116.97, for a total transaction of $470,570.31. Following the completion of the sale, the senior vice president now directly owns 11,895 shares of the company’s stock, valued at $1,391,358.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,852 shares of company stock valued at $4,090,814. Corporate insiders own 0.36% of the company’s stock.

AWK traded up $3.09 during trading on Thursday, hitting $124.29. 37,892 shares of the stock traded hands, compared to its average volume of 942,728. The company has a market cap of $22.06 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 4.21 and a beta of 0.17. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.56 and a quick ratio of 0.53. The company has a 50-day moving average price of $116.96. American Water Works Company Inc has a 12-month low of $85.88 and a 12-month high of $123.46.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.94 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.94. The business had revenue of $882.00 million during the quarter, compared to analysts’ expectations of $907.56 million. American Water Works had a net margin of 16.53% and a return on equity of 10.51%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. As a group, equities research analysts expect that American Water Works Company Inc will post 3.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.61%. American Water Works’s dividend payout ratio is 60.61%.

Several equities analysts recently commented on the stock. Wells Fargo & Co increased their target price on shares of American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a report on Wednesday. Janney Montgomery Scott reissued a “buy” rating and set a $121.00 price target (up previously from $102.00) on shares of American Water Works in a research report on Thursday, May 2nd. Bank of America cut shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research report on Monday, July 15th. They noted that the move was a valuation call. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research report on Thursday, May 2nd. Finally, Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. American Water Works has a consensus rating of “Buy” and an average price target of $114.67.

American Water Works Company 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 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.

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

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