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 first quarter, according to its latest disclosure to the Securities & Exchange Commission. 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 when it last filed with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in American Water Works shares by 5.9% during the fourth quarter. BlackRock Inc. now owns 16,192,763 shares of the utility provider valued at $3,058,165,000 after purchasing an additional 906,203 shares during the period. State Street Corp increased its stake in shares of American Water Works by 1.5% during the fourth quarter. State Street Corp now owns 9,744,829 shares of the utility provider valued at $1,840,408,000 after purchasing an additional 143,817 shares during the period. Pictet Asset Management SA increased its stake in American Water Works shares by 6.6% during the fourth quarter. Pictet Asset Management SA now owns 6,724,379 shares of the utility provider valued at $1,269,966,000 after purchasing an additional 416,138 shares during the period. Impax Asset Management Group plc increased its position in American Water Works shares by 4.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,829,469 shares of the utility provider worth $1,100,953,000 after buying a further 252,689 shares last quarter. Finally, Deutsche Bank AG increased its position in American Water Works shares by 3.9% during the fourth quarter. Deutsche Bank AG now owns 4,273,889 shares of the utility provider worth $807,166,000 after buying an additional 160,593 shares last quarter. Institutional investors hold 82.77% of the company’s shares.
American Water Works stock opened Wednesday at $149.65. The company has a market capitalization of $27.20 billion, a PE ratio of 21.11, a P/E/G ratio of 4.26 and a beta of 0.44. The company has a fifty-day moving average price of $147.19 and a two-hundred-day moving average price of $157.29. The company has a debt ratio of 1.39, a current ratio of 0.52 and a quick ratio of 0.47. American Water Works Company, Inc. has a 12 month minimum of $129.45 and a 12 month maximum of $189.65.
American Water Works (NYSE:AWK – Get Rating) last released its quarterly earnings data 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 had revenue of $842.00 million in the quarter, versus a consensus estimate of $872.01 million. In the same quarter a year earlier, the company posted earnings per share of $0.73. Equity research 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. Shareholders of record on Tuesday, May 10 received a dividend of $0.655 per share. This is an increase from American Water Works’ previous quarterly dividend of $0.60. The ex-dividend date was Monday, May 9. This represents an annualized dividend of $2.62 and a dividend yield of 1.75%. American Water Works’ payout rate is 36.95%.
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 sale, the executive vice president now directly owns 12,054 shares of the company, valued at $1,754,098.08. The sale 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 $1,728,008.10. The disclosure of this sale can be found here. Insiders own 0.09% of the shares of the company.
AWK has been the subject of a number of recent analyst reports. Wells Fargo & Company raised its price target on American Water Works stock from $148.00 to $156.00 and gave the stock an “underweight” rating in a Tuesday 19 research report. april. Janney Montgomery Scott moved shares of American Water Works from a “neutral” rating to a “buy” rating in a Friday, June 24 research report. Finally, StockNews.com launched coverage on American Water Works stocks in a research report on Thursday, March 31. They set a “holding” rating for the company. Three research analysts rated the stock with a sell rating, five gave the company a hold rating and three issued a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $175.22.
About American Water Works (Get an assessment)
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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