Vestor Capital LLC Takes Position in American Water Works Company Inc (NYSE:AWK)

Vestor Capital LLC bought a new stake in shares of American Water Works Company Inc (NYSE:AWK) during the second quarter, HoldingsChannel reports. The firm bought 350 shares of the utilities provider’s stock, valued at approximately $41,000.

Other hedge funds have also made changes to their positions in the company. Next Capital Management LLC raised its position in shares of American Water Works by 145.8% in the 2nd quarter. Next Capital Management LLC now owns 236 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 140 shares during the last quarter. Barrett Asset Management LLC purchased a new position in shares of American Water Works in the 1st quarter worth about $25,000. Citizens Financial Group Inc RI purchased a new position in shares of American Water Works in the 1st quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of American Water Works in the 2nd quarter worth about $38,000. Finally, Sandy Spring Bank purchased a new position in shares of American Water Works in the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 84.51% of the company’s stock.

Several research firms have recently issued reports on AWK. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Thursday, May 2nd. Wells Fargo & Co lifted their price target on American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Thursday, May 16th. Bank of America lowered American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research report on Monday, July 15th. They noted that the move was a valuation call. Finally, Janney Montgomery Scott reissued a “buy” rating and issued a $121.00 target price (up previously from $102.00) on shares of American Water Works in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $114.67.

Shares of NYSE AWK traded down $0.54 during midday trading on Friday, hitting $124.16. 18,300 shares of the company’s stock traded hands, compared to its average volume of 966,455. American Water Works Company Inc has a 1 year low of $85.88 and a 1 year high of $125.31. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 4.25 and a beta of 0.17. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.56. The firm has a fifty day moving average of $118.24 and a 200 day moving average of $110.01.

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

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

In related news, COO Walter Lynch sold 3,372 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $112.90, for a total transaction of $380,698.80. Following the completion of the transaction, the chief operating officer now directly owns 106,666 shares in the company, valued at approximately $12,042,591.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan N. Story sold 28,457 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $113.84, for a total value of $3,239,544.88. The disclosure for this sale can be found here. Insiders have sold a total of 35,852 shares of company stock valued at $4,090,814 in the last ninety days. Insiders own 0.36% of the company’s stock.

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.

Further Reading: What is the Quick Ratio?

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

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