AlphaCrest Capital Management LLC increased its stake in American Water Works Company Inc (NYSE:AWK) by 87.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,307 shares of the utilities provider’s stock after acquiring an additional 2,007 shares during the period. AlphaCrest Capital Management LLC’s holdings in American Water Works were worth $449,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its position in American Water Works by 53.3% during the first quarter. MML Investors Services LLC now owns 8,884 shares of the utilities provider’s stock valued at $926,000 after buying an additional 3,090 shares in the last quarter. Barrett Asset Management LLC purchased a new stake in shares of American Water Works during the first quarter valued at approximately $25,000. Corient Capital Partners LLC raised its stake in shares of American Water Works by 2.4% during the first quarter. Corient Capital Partners LLC now owns 8,022 shares of the utilities provider’s stock valued at $836,000 after purchasing an additional 188 shares during the period. AGF Investments Inc. raised its stake in shares of American Water Works by 16.4% during the first quarter. AGF Investments Inc. now owns 31,771 shares of the utilities provider’s stock valued at $3,312,000 after purchasing an additional 4,471 shares during the period. Finally, AGF Investments America Inc. raised its stake in shares of American Water Works by 16.4% during the first quarter. AGF Investments America Inc. now owns 69,989 shares of the utilities provider’s stock valued at $7,297,000 after purchasing an additional 9,872 shares during the period. 84.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:AWK opened at $117.09 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.32 and a quick ratio of 0.30. The firm has a market capitalization of $20.91 billion, a P/E ratio of 35.48, a P/E/G ratio of 4.00 and a beta of 0.19. American Water Works Company Inc has a 12-month low of $78.57 and a 12-month high of $119.28.
American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The company had revenue of $813.00 million during the quarter, compared to the consensus estimate of $792.73 million. American Water Works had a return on equity of 10.25% and a net margin of 16.44%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Equities research analysts predict that American Water Works Company Inc will post 3.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th were paid a dividend of $0.50 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, May 10th. This represents a $2.00 annualized dividend and a yield of 1.71%. American Water Works’s payout ratio is presently 60.61%.
In other American Water Works news, COO Walter Lynch sold 3,372 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $112.90, for a total transaction of $380,698.80. Following the completion of the sale, the chief operating officer now owns 106,666 shares in the company, valued at $12,042,591.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael A. Sgro sold 6,680 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $110.93, for a total transaction of $741,012.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,556 shares of company stock valued at $7,477,635. 0.36% of the stock is owned by insiders.
A number of brokerages recently issued reports on AWK. Wells Fargo & Co restated a “hold” rating on shares of American Water Works in a research note on Monday. Zacks Investment Research upgraded 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 note on Thursday, May 16th. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Janney Montgomery Scott restated a “buy” rating and issued a $121.00 price target (up previously from $102.00) on shares of American Water Works in a research note on Thursday, May 2nd. Finally, Bank of America lifted their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $109.67.
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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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