Fenimore Asset Management Inc. bought a new position in shares of American Water Works Company Inc (NYSE:AWK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,766 shares of the utilities provider’s stock, valued at approximately $205,000.
Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of American Water Works by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 503,455 shares of the utilities provider’s stock valued at $45,695,000 after purchasing an additional 50,036 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of American Water Works by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,362,440 shares of the utilities provider’s stock valued at $214,070,000 after purchasing an additional 161,731 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of American Water Works during the 4th quarter valued at about $440,000. Thrivent Financial for Lutherans boosted its position in shares of American Water Works by 90.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,568 shares of the utilities provider’s stock valued at $1,322,000 after purchasing an additional 6,923 shares in the last quarter. Finally, Millennium Management LLC bought a new position in American Water Works in the fourth quarter worth approximately $2,507,000. 84.23% of the stock is owned by institutional investors.
Shares of American Water Works stock opened at $124.50 on Friday. The company has a market cap of $22.01 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 4.19 and a beta of 0.17. American Water Works Company Inc has a 52 week low of $85.88 and a 52 week high of $124.87. The business has a 50 day moving average price of $117.13 and a 200-day moving average price of $109.28. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.43.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.94 EPS for the quarter, hitting the consensus estimate of $0.94. The firm had revenue of $882.00 million during the quarter, compared to the consensus estimate of $907.56 million. American Water Works had a return on equity of 10.51% and a net margin of 16.53%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. As a group, research analysts anticipate that American Water Works Company Inc will post 3.6 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, August 8th. American Water Works’s dividend payout ratio (DPR) is presently 60.61%.
Several brokerages have issued reports on AWK. Janney Montgomery Scott reiterated a “buy” rating and issued a $121.00 price target (up previously from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Thursday, May 16th. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Wells Fargo & Co increased their price target on American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Bank of America lowered American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Monday, July 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $114.67.
In related news, COO Walter Lynch sold 3,372 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $112.90, for a total transaction of $380,698.80. Following the completion of the sale, the chief operating officer now directly owns 106,666 shares of the company’s stock, valued at $12,042,591.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan N. Story sold 28,457 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $113.84, for a total value of $3,239,544.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,852 shares of company stock valued at $4,090,814. Company insiders own 0.36% of the company’s stock.
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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