Dai Ichi Life Insurance Company Ltd cut its stake in American Water Works (NYSE:AWK) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,584 shares of the utilities provider’s stock after selling 9,914 shares during the quarter. Dai Ichi Life Insurance Company Ltd owned approximately 0.06% of American Water Works worth $9,352,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in AWK. Dimensional Fund Advisors LP lifted its holdings in American Water Works by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 418,472 shares of the utilities provider’s stock valued at $32,541,000 after acquiring an additional 9,787 shares during the period. Louisiana State Employees Retirement System lifted its holdings in American Water Works by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the utilities provider’s stock valued at $865,000 after acquiring an additional 100 shares during the period. US Bancorp DE lifted its holdings in American Water Works by 2.4% in the second quarter. US Bancorp DE now owns 39,234 shares of the utilities provider’s stock valued at $3,058,000 after acquiring an additional 926 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in American Water Works in the second quarter valued at approximately $330,000. Finally, Tower Bridge Advisors acquired a new position in shares of American Water Works during the 2nd quarter worth approximately $210,000. 79.60% of the stock is owned by institutional investors.
American Water Works (AWK) opened at $88.74 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49. The firm has a market capitalization of $15,829.00, a P/E ratio of 30.60, a PEG ratio of 3.89 and a beta of 0.25. American Water Works has a 52 week low of $69.96 and a 52 week high of $91.39.
American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. research analysts anticipate that American Water Works will post 3.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, November 9th. American Water Works’s payout ratio is 56.27%.
In related news, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the completion of the sale, the insider now directly owns 3,659 shares in the company, valued at $328,395.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Walter Lynch sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. Following the sale, the chief operating officer now owns 97,667 shares of the company’s stock, valued at $8,785,146.65. The disclosure for this sale can be found here. Insiders have sold 6,856 shares of company stock valued at $616,700 over the last quarter. 0.34% of the stock is owned by company insiders.
Several brokerages have recently weighed in on AWK. Robert W. Baird reaffirmed a “hold” rating and set a $82.00 target price on shares of American Water Works in a research note on Sunday, October 1st. BidaskClub downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Bank of America Corporation began coverage on American Water Works in a research note on Tuesday, October 24th. They set a “buy” rating and a $95.00 target price for the company. Finally, Zacks Investment Research downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. American Water Works 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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