Shell Asset Management Co. Reduces Position in American Water Works Company Inc (AWK)

Shell Asset Management Co. lowered its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 12.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,854 shares of the utilities provider’s stock after selling 2,507 shares during the period. Shell Asset Management Co.’s holdings in American Water Works were worth $1,571,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Ingalls & Snyder LLC boosted its stake in American Water Works by 1.8% during the third quarter. Ingalls & Snyder LLC now owns 33,768 shares of the utilities provider’s stock worth $2,971,000 after acquiring an additional 600 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in American Water Works by 1.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 50,836 shares of the utilities provider’s stock worth $4,527,000 after acquiring an additional 619 shares in the last quarter. CIBC Asset Management Inc boosted its stake in American Water Works by 3.3% during the second quarter. CIBC Asset Management Inc now owns 20,416 shares of the utilities provider’s stock worth $1,743,000 after acquiring an additional 643 shares in the last quarter. Murphy Capital Management Inc. boosted its stake in American Water Works by 4.0% during the third quarter. Murphy Capital Management Inc. now owns 17,530 shares of the utilities provider’s stock worth $1,542,000 after acquiring an additional 675 shares in the last quarter. Finally, Cadence Capital Management LLC lifted its stake in shares of American Water Works by 26.3% in the third quarter. Cadence Capital Management LLC now owns 3,342 shares of the utilities provider’s stock worth $294,000 after buying an additional 696 shares in the last quarter. 83.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE AWK opened at $95.41 on Monday. The company has a market capitalization of $17.23 billion, a PE ratio of 31.49, a PEG ratio of 3.71 and a beta of 0.12. American Water Works Company Inc has a 52-week low of $76.04 and a 52-week high of $95.41. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.46.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The firm had revenue of $976.00 million for the quarter, compared to the consensus estimate of $946.35 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. On average, research analysts anticipate that American Water Works Company Inc will post 3.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 12th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.82 annualized dividend and a dividend yield of 1.91%. American Water Works’s payout ratio is 60.07%.

In other news, COO Walter Lynch sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $91.69, for a total transaction of $458,450.00. Following the completion of the transaction, the chief operating officer now directly owns 107,031 shares of the company’s stock, valued at $9,813,672.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karl F. Kurz acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were bought at an average cost of $91.30 per share, with a total value of $91,300.00. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

Several research analysts have recently issued reports on AWK shares. ValuEngine downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Evercore ISI started coverage on shares of American Water Works in a research note on Monday, September 17th. They issued an “outperform” rating and a $96.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. American Water Works currently has a consensus rating of “Buy” and a consensus price target of $90.92.

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American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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