Sapphire Star Partners LP Buys New Stake in American Water Works (AWK)

Sapphire Star Partners LP bought a new stake in shares of American Water Works (NYSE:AWK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,000 shares of the utilities provider’s stock, valued at approximately $243,000.

Several other large investors have also made changes to their positions in the business. Murphy Capital Management Inc. boosted its position in shares of American Water Works by 0.4% during the second quarter. Murphy Capital Management Inc. now owns 13,175 shares of the utilities provider’s stock valued at $1,026,000 after buying an additional 50 shares during the period. Fiduciary Trust Co. boosted its position in shares of American Water Works by 1.0% during the second quarter. Fiduciary Trust Co. now owns 4,852 shares of the utilities provider’s stock valued at $378,000 after buying an additional 50 shares during the period. Atlantic Trust LLC boosted its position in shares of American Water Works by 2.1% during the second quarter. Atlantic Trust LLC now owns 2,705 shares of the utilities provider’s stock valued at $211,000 after buying an additional 55 shares during the period. Carret Asset Management LLC boosted its position in shares of American Water Works by 0.8% during the second quarter. Carret Asset Management LLC now owns 6,997 shares of the utilities provider’s stock valued at $545,000 after buying an additional 57 shares during the period. Finally, Homrich & Berg boosted its position in shares of American Water Works by 1.9% during the second quarter. Homrich & Berg now owns 3,800 shares of the utilities provider’s stock valued at $296,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

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Several brokerages have issued reports on AWK. Robert W. Baird restated a “hold” rating and set a $82.00 target price on shares of American Water Works in a research report on Sunday, October 1st. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Bank of America Corporation began coverage on shares of American Water Works in a research note on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target for the company. Finally, Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $85.63.

In related news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.34% of the company’s stock.

American Water Works (NYSE:AWK) traded down $0.69 during trading on Monday, hitting $88.76. 951,784 shares of the stock traded hands, compared to its average volume of 922,224. The stock has a market cap of $15,832.60, a P/E ratio of 30.61, a P/E/G ratio of 3.89 and a beta of 0.25. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, November 9th. American Water Works’s dividend payout ratio (DPR) is 56.27%.

About American Water Works

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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