Daiwa SB Investments Ltd. Trims Holdings in American Water Works Company Inc (AWK)

Daiwa SB Investments Ltd. lessened its position in shares of American Water Works Company Inc (NYSE:AWK) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,900 shares of the utilities provider’s stock after selling 11,420 shares during the period. American Water Works comprises 3.0% of Daiwa SB Investments Ltd.’s portfolio, making the stock its 8th largest position. Daiwa SB Investments Ltd.’s holdings in American Water Works were worth $11,244,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. raised its position in shares of American Water Works by 1.7% during the 3rd quarter. Whittier Trust Co. now owns 213,681 shares of the utilities provider’s stock worth $17,287,000 after purchasing an additional 3,607 shares during the period. Forsta AP Fonden raised its position in shares of American Water Works by 17.5% during the 3rd quarter. Forsta AP Fonden now owns 168,800 shares of the utilities provider’s stock worth $13,658,000 after purchasing an additional 25,100 shares during the period. Wells Fargo & Company MN raised its position in shares of American Water Works by 8.5% during the 3rd quarter. Wells Fargo & Company MN now owns 2,748,900 shares of the utilities provider’s stock worth $222,414,000 after purchasing an additional 216,451 shares during the period. Ameriprise Financial Inc. raised its position in shares of American Water Works by 9.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock worth $85,920,000 after purchasing an additional 95,303 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of American Water Works by 4.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 94,575 shares of the utilities provider’s stock worth $7,372,000 after purchasing an additional 3,989 shares during the period. 80.79% of the stock is currently owned by institutional investors.

In related news, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now directly owns 3,659 shares in the company, valued at approximately $328,395.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value of $75,715.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,856 shares of company stock worth $616,700. 0.34% of the stock is owned by insiders.

Shares of American Water Works Company Inc (AWK) opened at $84.74 on Friday. American Water Works Company Inc has a 1 year low of $69.96 and a 1 year high of $92.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The company has a market capitalization of $15,120.00, a P/E ratio of 28.73, a P/E/G ratio of 3.55 and a beta of 0.27.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The firm had revenue of $936.00 million for the quarter, compared to analysts’ expectations of $992.58 million. During the same period last year, the firm earned $1.05 EPS. The firm’s revenue was up .6% compared to the same quarter last year. equities analysts anticipate that American Water Works Company Inc will post 3.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s dividend payout ratio is currently 56.27%.

A number of brokerages have recently weighed in on AWK. Zacks Investment Research cut American Water Works from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird reiterated a “hold” rating and set a $82.00 price target on shares of American Water Works in a research report on Sunday, October 1st. Argus increased their price target on American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Bank of America cut American Water Works from a “buy” rating to a “neutral” rating and increased their price target for the stock from $85.70 to $91.00 in a research report on Thursday. Finally, Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. American Water Works currently has an average rating of “Hold” and an average target price of $90.01.

COPYRIGHT VIOLATION WARNING: This article was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.com-unik.info/2018/01/12/daiwa-sb-investments-ltd-trims-holdings-in-american-water-works-company-inc-awk.html.

American Water Works 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 Company Inc (NYSE:AWK).

Institutional Ownership by Quarter 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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit