Gamco Investors INC. ET AL Raises Stock Position in American Water Works Company Inc (NYSE:AWK)

Gamco Investors INC. ET AL lifted its stake in shares of American Water Works Company Inc (NYSE:AWK) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,494 shares of the utilities provider’s stock after buying an additional 157 shares during the quarter. Gamco Investors INC. ET AL’s holdings in American Water Works were worth $3,540,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AWK. Price T Rowe Associates Inc. MD lifted its position in shares of American Water Works by 17.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock worth $1,017,533,000 after buying an additional 1,293,688 shares during the last quarter. BlackRock Inc. lifted its position in shares of American Water Works by 5.7% during the 2nd quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock worth $1,786,029,000 after buying an additional 827,507 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of American Water Works during the 2nd quarter worth approximately $59,360,000. Mirova lifted its position in shares of American Water Works by 2,355.8% during the 2nd quarter. Mirova now owns 428,126 shares of the utilities provider’s stock worth $49,663,000 after buying an additional 410,693 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of American Water Works by 23.4% during the 2nd quarter. California Public Employees Retirement System now owns 1,370,379 shares of the utilities provider’s stock worth $158,964,000 after buying an additional 259,864 shares during the last quarter. Institutional investors and hedge funds own 85.09% of the company’s stock.

Several analysts have recently weighed in on AWK shares. Bank of America downgraded shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Monday, July 15th. They noted that the move was a valuation call. ValuEngine downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co boosted their price objective on shares of 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. Janney Montgomery Scott boosted their price objective on shares of American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Robert W. Baird boosted their price objective on shares of American Water Works from $117.00 to $128.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. American Water Works has an average rating of “Hold” and an average price target of $129.60.

In other news, COO Walter Lynch sold 6,908 shares of American Water Works stock in a transaction on Friday, August 30th. The shares were sold at an average price of $126.91, for a total value of $876,694.28. Following the transaction, the chief operating officer now directly owns 113,574 shares of the company’s stock, valued at approximately $14,413,676.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Mackenzie sold 10,000 shares of American Water Works stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $129.18, for a total transaction of $1,291,800.00. Following the completion of the transaction, the director now directly owns 25,338 shares in the company, valued at $3,273,162.84. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Shares of American Water Works stock traded down $1.35 during trading on Friday, reaching $116.30. The company’s stock had a trading volume of 1,093,243 shares, compared to its average volume of 983,422. The company has a 50-day moving average price of $122.67 and a two-hundred day moving average price of $118.09. The firm has a market cap of $21.71 billion, a PE ratio of 35.24, a P/E/G ratio of 4.13 and a beta of 0.06. American Water Works Company Inc has a fifty-two week low of $85.89 and a fifty-two week high of $129.89. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.40.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.03. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. American Water Works had a net margin of 17.85% and a return on equity of 10.77%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. On average, analysts predict that American Water Works Company Inc will post 3.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 12th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.72%. American Water Works’s payout ratio is 60.61%.

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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