Jefferies Group LLC grew its holdings in American Water Works Company Inc (NYSE:AWK) by 233.5% during the 3rd quarter, Holdings Channel reports. The firm owned 21,783 shares of the utilities provider’s stock after acquiring an additional 15,251 shares during the quarter. Jefferies Group LLC’s holdings in American Water Works were worth $1,916,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of AWK. BlackRock Inc. grew its position in shares of American Water Works by 3.3% in the second quarter. BlackRock Inc. now owns 13,605,841 shares of the utilities provider’s stock valued at $1,161,668,000 after purchasing an additional 437,246 shares during the last quarter. Carillon Tower Advisers Inc. grew its position in American Water Works by 1,172.0% during the second quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock worth $26,092,000 after buying an additional 281,575 shares in the last quarter. Renaissance Technologies LLC grew its position in American Water Works by 47.0% during the third quarter. Renaissance Technologies LLC now owns 715,800 shares of the utilities provider’s stock worth $62,969,000 after buying an additional 228,700 shares in the last quarter. Sabal Trust CO acquired a new stake in American Water Works during the third quarter worth about $18,921,000. Finally, Moneta Group Investment Advisors LLC grew its position in American Water Works by 21,984.6% during the second quarter. Moneta Group Investment Advisors LLC now owns 211,350 shares of the utilities provider’s stock worth $507,000 after buying an additional 210,393 shares in the last quarter. 83.08% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on AWK. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating in a research report on Monday. Evercore ISI began coverage on American Water Works in a research report on Monday, September 17th. They set an “outperform” rating and a $96.00 target price on the stock. Robert W. Baird raised American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 target price on the stock in a research report on Thursday, December 6th. Finally, ValuEngine raised American Water Works from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $93.02.
AWK stock opened at $97.46 on Tuesday. American Water Works Company Inc has a twelve month low of $76.04 and a twelve month high of $98.18. The stock has a market cap of $17.66 billion, a P/E ratio of 32.17, a PEG ratio of 3.80 and a beta of 0.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.46.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $946.35 million. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. On average, sell-side analysts predict that American Water Works Company Inc will post 3.3 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, February 6th. American Water Works’s dividend payout ratio is 60.07%.
In other American Water Works news, Director Karl F. Kurz purchased 1,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was purchased at an average price of $91.30 per share, for a total transaction of $91,300.00. The purchase 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 firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $91.69, for a total transaction of $458,450.00. Following the transaction, the chief operating officer now owns 107,031 shares of the company’s stock, valued at approximately $9,813,672.39. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.
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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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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