Ipswich Investment Management Co. Inc. increased its position in shares of American Water Works Company, Inc. (NYSE: AWK – Get Rating) by 7.2% during the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission (SECOND). The company held 23,216 shares of the utility provider after purchasing an additional 1,560 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in American Water Works were worth $3,843,000 at the end of the most recent period.
Other hedge funds have also recently changed their positions in the business. AE Wealth Management LLC increased its position in American Water Works shares by 11.1% during the fourth quarter. AE Wealth Management LLC now owns 12,652 shares of the utility provider valued at $2,389,000 after purchasing an additional 1,260 shares during the period. Cetera Investment Advisers increased its position in American Water Works shares by 1.7% during the fourth quarter. Cetera Investment Advisers now owns 23,095 shares of the utility provider valued at $4,362,000 after purchasing an additional 394 shares during the period. Van ECK Associates Corp increased its position in American Water Works shares by 12.7% during the fourth quarter. Van ECK Associates Corp now owns 33,608 shares of the utility provider valued at $6,347,000 after purchasing an additional 3,782 shares during the period. Millennium Management LLC increased its stake in American Water Works by 42.5% in the third quarter. Millennium Management LLC now owns 25,868 shares of the utility provider valued at $4,373,000 after acquiring an additional 7,721 shares in the last quarter. Finally, Cornerstone Advisory LLC acquired a new stake in American Water Works in the 4th quarter valued at $237,000. Hedge funds and other institutional investors own 82.77% of the company’s shares.
Separately, Executive Vice President Melanie M. Kennedy sold 1,029 shares of American Water Works in a trade dated Friday, May 20. The shares were sold at an average price of $145.52, for a total transaction of $149,740.08. Following the completion of the transaction, the executive vice president now directly owns 12,054 shares of the company, valued at approximately $1,754,098.08. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Executive Vice President Melanie M. Kennedy sold 693 shares of American Water Works in a trade dated Wednesday, June 1. The shares were sold at an average price of $152.10, for a total transaction of $105,405.30. Following the sale, the executive vice president now owns 11,361 shares of the company, valued at approximately $1,728,008.10. The disclosure of this sale can be found here. 0.09% of the shares are currently held by insiders.
A number of analysts have released reports on the stock. Janney Montgomery Scott upgraded American Water Works shares from a “neutral” rating to a “buy” rating in a Friday, June 24 report. Wells Fargo & Company raised its price target on American Water Works shares from $148.00 to $156.00 and gave the company an “underweight” rating in a Tuesday, April 19 report. Finally, StockNews.com took over coverage of American Water Works stocks in a Thursday, March 31 report. They issued a “holding” rating on the stock. Three research analysts gave the stock a sell rating, five gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus price target of $175.22.
NYSE:AWK shares opened at $149.65 on Wednesday. American Water Works Company, Inc. has a 52-week low of $129.45 and a 52-week high of $189.65. The stock has a market capitalization of $27.20 billion, a P/E ratio of 21.11, a PEG ratio of 4.26 and a beta of 0.44. The company has a fifty-day simple moving average of $147.19 and a two-hundred-day simple moving average of $157.29. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt ratio of 1.39.
American Water Works (NYSE:AWK – Get Rating) last released its quarterly results on Wednesday, April 27. The utility provider reported EPS of $0.87 for the quarter, beating analyst consensus estimates of $0.75 by $0.12. American Water Works had a net margin of 33.16% and a return on equity of 11.25%. The company posted revenue of $842.00 million in the quarter, compared to $872.01 million expected by analysts. During the same period of the previous year, the company achieved EPS of $0.73. On average, analysts expect American Water Works Company, Inc. to post earnings per share of 4.46 for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Tuesday, May 10 received a dividend of $0.655 per share. The ex-dividend date was Monday, May 9. This is a boost from American Water Works’ previous quarterly dividend of $0.60. This represents a dividend of $2.62 on an annualized basis and a dividend yield of 1.75%. American Water Works’ payout ratio is currently 36.95%.
American Water Works Profile (Get a rating)
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It provides water and sanitation services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage suppliers, commercial property developers and owners, and energy providers; customers of fire departments and private firefighters; industrial customers, such as large-scale manufacturers, mining and production operations; public authorities including government buildings and other public sector facilities, such as schools and universities; and other utilities and community water supply and wastewater treatment systems.
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