American Water Works (AWK) Holdings Increased by Aureus Asset Management LLC

Aureus Asset Management LLC raised its holdings in shares of American Water Works (NYSE:AWK) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,403 shares of the utilities provider’s stock after acquiring an additional 9,761 shares during the period. American Water Works makes up 2.4% of Aureus Asset Management LLC’s holdings, making the stock its 14th largest position. Aureus Asset Management LLC owned approximately 0.11% of American Water Works worth $15,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of American Water Works by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock worth $1,417,580,000 after buying an additional 465,748 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in shares of American Water Works by 3.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock worth $313,105,000 after buying an additional 125,587 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of American Water Works by 8.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,748,900 shares of the utilities provider’s stock worth $222,414,000 after buying an additional 216,451 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of American Water Works by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock worth $208,915,000 after buying an additional 12,280 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of American Water Works by 0.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock worth $157,514,000 after buying an additional 11,197 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors.

In other news, EVP Michael A. Sgro sold 841 shares of American Water Works stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total transaction of $75,715.23. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Walter Lynch sold 5,000 shares of American Water Works stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. Following the transaction, the chief operating officer now owns 97,667 shares in the company, valued at approximately $8,785,146.65. The disclosure for this sale can be found here. Insiders have sold 6,856 shares of company stock worth $616,700 over the last ninety days. 0.34% of the stock is owned by insiders.

Shares of American Water Works (AWK) opened at $91.32 on Tuesday. The stock has a market capitalization of $16,290.00, a price-to-earnings ratio of 31.45, a PEG ratio of 4.00 and a beta of 0.27. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21. American Water Works has a 52-week low of $69.96 and a 52-week high of $91.97.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The company had revenue of $936.00 million for the quarter, compared to analyst estimates of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. American Water Works’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. research analysts anticipate that American Water Works will post 3.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Thursday, November 9th. American Water Works’s dividend payout ratio (DPR) is presently 56.27%.

A number of analysts have recently commented on AWK shares. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Janney Montgomery Scott downgraded American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Robert W. Baird boosted their price objective on American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.63.

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American Water Works Company Profile

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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