Boston Advisors LLC held its stake in 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 fund owned 5,050 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in American Water Works were worth $427,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake 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 worth $147,000 after buying an additional 831 shares in the last quarter. Nisa Investment Advisors LLC increased its stake 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 worth $195,000 after buying an additional 10 shares in the last quarter. Northstar Asset Management LLC purchased a new stake in American Water Works during the second quarter worth $245,000. Benjamin F. Edwards & Company Inc. increased its stake 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 worth $308,000 after buying an additional 400 shares in the last quarter. Finally, Conning Inc. purchased a new stake in American Water Works during the second quarter worth $321,000. 82.62% of the stock is owned by institutional investors and hedge funds.
Shares of American Water Works (NYSE:AWK) traded up 0.04% during trading on Thursday, hitting $71.20. The company had a trading volume of 1,467,055 shares. American Water Works has a 1-year low of $55.13 and a 1-year high of $85.24. The firm has a market capitalization of $12.67 billion, a P/E ratio of 25.97 and a beta of 0.17. The company’s 50 day moving average is $74.91 and its 200 day moving average is $75.69.
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. American Water Works had a return on equity of 9.62% and a net margin of 15.14%. The firm earned $827 million during the quarter, compared to the consensus estimate of $832.47 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. Analysts anticipate that American Water Works will post $2.83 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating and set a $93.00 target price for the company in a research report on Friday, July 8th. Barclays PLC reduced their price objective on shares of American Water Works from $87.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, September 6th. Vetr raised shares of American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 price objective for the company in a research report on Thursday, August 4th. Argus began coverage on shares of American Water Works in a research report on Friday, June 24th. They set a “buy” rating and a $88.00 price objective for the company. Finally, Bank of America Corp. downgraded shares of American Water Works from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $71.92 to $88.00 in a research report on Wednesday, July 6th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.26.
In other American Water Works news, SVP Mark F. Strauss sold 15,467 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $76.08, for a total value of $1,176,729.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Walter Lynch sold 6,514 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $76.43, for a total value of $497,865.02. Following the completion of the sale, the chief operating officer now owns 91,389 shares of the company’s stock, valued at approximately $6,984,861.27. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
American Water Works Company Profile
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.
Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works (NYSE:AWK).
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.