American Water Works Company Inc (AWK) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System cut its stake in American Water Works Company Inc (NYSE:AWK) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,071 shares of the utilities provider’s stock after selling 903 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.14% of American Water Works worth $22,966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ingalls & Snyder LLC increased its position 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 during the period. Creative Planning boosted its stake in shares of American Water Works by 5.5% in the 2nd quarter. Creative Planning now owns 12,154 shares of the utilities provider’s stock valued at $1,038,000 after purchasing an additional 632 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of American Water Works by 3.3% in the 2nd quarter. CIBC Asset Management Inc now owns 20,416 shares of the utilities provider’s stock valued at $1,743,000 after purchasing an additional 643 shares in the last quarter. Murphy Capital Management Inc. boosted its stake in shares of American Water Works by 4.0% in the 3rd quarter. Murphy Capital Management Inc. now owns 17,530 shares of the utilities provider’s stock valued at $1,542,000 after purchasing an additional 675 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of American Water Works by 7.5% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 10,144 shares of the utilities provider’s stock valued at $866,000 after purchasing an additional 704 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Monday, July 23rd. Evercore ISI began coverage on shares of American Water Works in a research report on Monday, September 17th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, ValuEngine upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $90.42.

In other news, COO Walter Lynch sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total value of $895,700.00. Following the transaction, the chief operating officer now owns 112,031 shares in the company, valued at approximately $10,034,616.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melanie M. Kennedy sold 1,114 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $88.78, for a total transaction of $98,900.92. The disclosure for this sale can be found here. Insiders sold a total of 21,634 shares of company stock worth $1,918,888 in the last 90 days. Corporate insiders own 0.35% of the company’s stock.

NYSE:AWK opened at $90.09 on Thursday. 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 Company Inc has a one year low of $76.04 and a one year high of $92.79. The company has a market cap of $16.09 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 3.46 and a beta of 0.10.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 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 business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $946.35 million. During the same period last year, the company earned $1.08 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that American Water Works Company Inc will post 3.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be given 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 yield of 2.02%. American Water Works’s dividend payout ratio is presently 60.07%.

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American Water Works Company 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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