American Water Works Company Inc (NYSE:AWK) Stake Increased by Arrow Financial Corp

Arrow Financial Corp grew its holdings in American Water Works Company Inc (NYSE:AWK) by 25.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,454 shares of the utilities provider’s stock after purchasing an additional 709 shares during the period. Arrow Financial Corp’s holdings in American Water Works were worth $429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AWK. Sepio Capital LLC raised its holdings in shares of American Water Works by 171.8% during the third quarter. Sepio Capital LLC now owns 47,531 shares of the utilities provider’s stock worth $5,905,000 after acquiring an additional 30,041 shares in the last quarter. Shilanski & Associates Inc. raised its holdings in shares of American Water Works by 1.7% during the third quarter. Shilanski & Associates Inc. now owns 30,620 shares of the utilities provider’s stock worth $3,804,000 after acquiring an additional 510 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in shares of American Water Works during the third quarter worth $626,000. Ardevora Asset Management LLP raised its holdings in shares of American Water Works by 0.4% during the third quarter. Ardevora Asset Management LLP now owns 352,205 shares of the utilities provider’s stock worth $43,754,000 after acquiring an additional 1,400 shares in the last quarter. Finally, First National Corp MA ADV raised its holdings in shares of American Water Works by 2.5% during the third quarter. First National Corp MA ADV now owns 48,969 shares of the utilities provider’s stock worth $6,083,000 after acquiring an additional 1,181 shares in the last quarter. Institutional investors own 85.01% of the company’s stock.

Several research firms have weighed in on AWK. Wells Fargo & Co raised their target price on American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Janney Montgomery Scott raised their target price on American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a report on Monday, October 7th. ValuEngine lowered American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America lowered American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a report on Monday, July 15th. They noted that the move was a valuation call. Finally, Robert W. Baird raised their target price on American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. American Water Works currently has a consensus rating of “Hold” and an average target price of $129.60.

In other news, Director George Mackenzie sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total value of $1,291,800.00. Following the sale, the director now directly owns 25,338 shares of the company’s stock, valued at $3,273,162.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Loyd A. Warnock sold 4,023 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $116.97, for a total value of $470,570.31. Following the completion of the sale, the senior vice president now directly owns 11,895 shares in the company, valued at $1,391,358.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,931 shares of company stock worth $2,639,065. 0.36% of the stock is currently owned by company insiders.

NYSE AWK opened at $119.56 on Tuesday. American Water Works Company Inc has a fifty-two week low of $85.89 and a fifty-two week high of $129.89. The stock’s 50-day moving average is $122.95 and its two-hundred day moving average is $117.18. 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 firm has a market cap of $22.10 billion, a P/E ratio of 36.23, a price-to-earnings-growth ratio of 4.21 and a beta of 0.09.

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

About American Water Works

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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