Rhumbline Advisers Has $56.83 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Rhumbline Advisers grew its position in American Water Works Company, Inc. (NYSE:AWK) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,962 shares of the utilities provider’s stock after acquiring an additional 9,490 shares during the period. Rhumbline Advisers’ holdings in American Water Works were worth $56,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AWK. Ables Iannone Moore & Associates Inc. acquired a new position in shares of American Water Works during the 4th quarter worth approximately $26,000. ORG Partners LLC bought a new position in American Water Works during the second quarter worth $30,000. Tortoise Investment Management LLC increased its holdings in shares of American Water Works by 71.9% in the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of American Water Works by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 127 shares during the period. Finally, Quarry LP acquired a new stake in shares of American Water Works during the 4th quarter worth about $34,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 0.4 %

Shares of AWK stock opened at $144.11 on Thursday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $149.00. The stock’s fifty day simple moving average is $139.27 and its 200 day simple moving average is $129.45. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $28.08 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.40 and a beta of 0.67.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 5.26 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.12%. The ex-dividend date was Tuesday, August 13th. American Water Works’s payout ratio is presently 62.07%.

Insider Buying and Selling at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now directly owns 36,880 shares in the company, valued at $5,268,308. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group boosted their price target on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.17.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.