MUFG Securities EMEA plc purchased a new position in American Water Works Company Inc (NYSE:AWK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,507 shares of the utilities provider’s stock, valued at approximately $291,000.
Several other institutional investors also recently bought and sold shares of the stock. Barrett Asset Management LLC bought a new position in American Water Works in the 1st quarter valued at approximately $25,000. Next Capital Management LLC lifted its position in American Water Works by 145.8% in the 2nd quarter. Next Capital Management LLC now owns 236 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 140 shares in the last quarter. Citizens Financial Group Inc RI bought a new position in American Water Works in the 1st quarter valued at approximately $30,000. Sandy Spring Bank bought a new position in American Water Works in the 1st quarter valued at approximately $37,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new position in American Water Works in the 2nd quarter valued at approximately $38,000. Institutional investors own 85.08% of the company’s stock.
In other news, Director George Mackenzie sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total transaction of $1,291,800.00. Following the transaction, the director now directly owns 25,338 shares of the company’s stock, valued at approximately $3,273,162.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Loyd A. Warnock sold 4,023 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $116.97, for a total value of $470,570.31. Following the transaction, the senior vice president now directly owns 11,895 shares in the company, valued at $1,391,358.15. The disclosure for this sale can be found here. Insiders have sold a total of 20,931 shares of company stock worth $2,639,065 over the last three months. Insiders own 0.36% of the company’s stock.
Shares of NYSE AWK traded down $0.47 during midday trading on Friday, hitting $121.29. 30,950 shares of the stock traded hands, compared to its average volume of 918,092. The firm has a 50-day moving average of $121.65 and a two-hundred day moving average of $112.77. The firm has a market capitalization of $21.96 billion, a P/E ratio of 36.83, a PEG ratio of 4.16 and a beta of 0.11. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.56. American Water Works Company Inc has a one year low of $85.88 and a one year high of $129.89.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.94 earnings per share for the quarter, meeting the consensus estimate of $0.94. The firm had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $907.56 million. American Water Works had a return on equity of 10.51% and a net margin of 16.53%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. Equities analysts forecast that American Water Works Company Inc will post 3.6 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 9th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.65%. American Water Works’s payout ratio is 60.61%.
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
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