Trillium Asset Management LLC purchased a new stake in shares of American Water Works (NYSE:AWK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 145,462 shares of the company’s stock, valued at approximately $12,293,000.
Several other institutional investors have also made changes to their positions in AWK. Lazard Asset Management LLC raised its position in American Water Works by 63.1% in the first quarter. Lazard Asset Management LLC now owns 2,147 shares of the company’s stock valued at $147,000 after buying an additional 831 shares during the last quarter. Nisa Investment Advisors LLC raised its position in American Water Works by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,310 shares of the company’s stock valued at $195,000 after buying an additional 10 shares during the last quarter. Northstar Asset Management LLC purchased a new position in American Water Works during the second quarter valued at about $245,000. Benjamin F. Edwards & Company Inc. raised its position in American Water Works by 12.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,650 shares of the company’s stock valued at $308,000 after buying an additional 400 shares during the last quarter. Finally, Conning Inc. purchased a new position in American Water Works during the second quarter valued at about $321,000. 82.62% of the stock is currently owned by institutional investors and hedge funds.
American Water Works (NYSE:AWK) traded down 1.03% on Wednesday, hitting $71.17. The stock had a trading volume of 1,219,871 shares. American Water Works has a 12-month low of $55.13 and a 12-month high of $85.24. The firm has a market cap of $12.66 billion, a PE ratio of 25.96 and a beta of 0.17. The company’s 50 day moving average is $75.20 and its 200 day moving average is $75.75.
American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The firm earned $827 million during the quarter, compared to analyst estimates of $832.47 million. American Water Works had a return on equity of 9.62% and a net margin of 15.14%. American Water Works’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. On average, equities research analysts expect that American Water Works will post $2.83 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating and set a $93.00 target price on the stock in a research note on Friday, July 8th. Barclays PLC decreased their target price on American Water Works from $87.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 6th. Vetr raised American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 target price on the stock in a research note on Thursday, August 4th. Argus assumed coverage on American Water Works in a research note on Friday, June 24th. They set a “buy” rating and a $88.00 target price on the stock. Finally, Bank of America Corp. lowered American Water Works from a “buy” rating to a “neutral” rating and increased their target price for the stock from $71.92 to $88.00 in a research note on Wednesday, July 6th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $78.26.
In other news, COO Walter Lynch sold 6,514 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $76.43, for a total transaction of $497,865.02. Following the completion of the transaction, the chief operating officer now directly owns 91,389 shares of the company’s stock, valued at $6,984,861.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark F. Strauss sold 15,467 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $76.08, for a total value of $1,176,729.36. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
About American Water Works
American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.
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