Rothschild Asset Management Inc. raised its position in American Water Works (NYSE:AWK) by 4.8% during the second quarter, Holdings Channel reports. The fund owned 7,324 shares of the utilities provider’s stock after buying an additional 334 shares during the period. Rothschild Asset Management Inc.’s holdings in American Water Works were worth $571,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in AWK. Hexavest Inc. acquired a new stake in shares of American Water Works during the first quarter worth about $560,000. State of Alaska Department of Revenue acquired a new stake in shares of American Water Works during the first quarter worth about $1,270,000. LGT Capital Partners LTD. raised its stake in shares of American Water Works by 15.5% in the first quarter. LGT Capital Partners LTD. now owns 264,730 shares of the utilities provider’s stock worth $20,588,000 after buying an additional 35,550 shares during the last quarter. Lederer & Associates Investment Counsel CA raised its stake in shares of American Water Works by 2.3% in the first quarter. Lederer & Associates Investment Counsel CA now owns 13,580 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 310 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of American Water Works by 7.4% in the first quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the utilities provider’s stock worth $902,000 after buying an additional 800 shares during the last quarter. 81.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of American Water Works (AWK) opened at 80.72 on Friday. The company has a 50-day moving average price of $79.99 and a 200 day moving average price of $77.66. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 30.47 and a beta of 0.25. American Water Works has a one year low of $69.41 and a one year high of $82.89.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.07. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The business had revenue of $844 million during the quarter, compared to analyst estimates of $869.52 million. During the same period last year, the company earned $0.77 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that American Water Works will post $3.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is presently 62.64%.
A number of brokerages have recently issued reports on AWK. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. in a research report on Wednesday, June 14th. Zacks Investment Research lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Robert W. Baird lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. Finally, Northcoast Research began coverage on American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. American Water Works currently has a consensus rating of “Hold” and a consensus target price of $82.63.
In related news, SVP Loyd A. Warnock sold 1,263 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $75.21, for a total value of $94,990.23. Following the completion of the transaction, the senior vice president now owns 7,055 shares of the company’s stock, valued at $530,606.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.
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.
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).
What are top analysts saying about American Water Works? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Water Works and related companies.