First Trust Advisors LP Purchases 25,263 Shares of American Water Works Company Inc (AWK)

First Trust Advisors LP lifted its position in shares of American Water Works Company Inc (NYSE:AWK) by 16.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,197 shares of the utilities provider’s stock after buying an additional 25,263 shares during the quarter. First Trust Advisors LP’s holdings in American Water Works were worth $16,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in shares of American Water Works during the second quarter worth about $126,000. Edge Wealth Management LLC purchased a new stake in shares of American Water Works during the second quarter worth about $149,000. Rampart Investment Management Company LLC purchased a new stake in shares of American Water Works during the second quarter worth about $155,000. Piedmont Investment Advisors LLC purchased a new stake in shares of American Water Works during the second quarter worth about $178,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of American Water Works during the second quarter worth about $203,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

In related news, SVP Loyd A. Warnock sold 10,520 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $87.86, for a total value of $924,287.20. Following the completion of the sale, the senior vice president now directly owns 12,322 shares in the company, valued at $1,082,610.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $895,700.00. Following the completion of the sale, the chief operating officer now owns 112,031 shares of the company’s stock, valued at $10,034,616.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,634 shares of company stock valued at $1,918,888. 0.35% of the stock is owned by insiders.

A number of equities research analysts have recently commented on AWK shares. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Monday, July 23rd. ValuEngine downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Evercore ISI started coverage on shares of American Water Works in a report on Monday, September 17th. They set an “outperform” rating and a $96.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $90.42.

American Water Works stock opened at $89.61 on Friday. American Water Works Company Inc has a 1 year low of $76.04 and a 1 year high of $92.79. The company has a market capitalization of $16.27 billion, a P/E ratio of 27.22, a P/E/G ratio of 3.50 and a beta of 0.10. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 1.29.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.82 dividend on an annualized basis and a yield of 2.03%. American Water Works’s payout ratio is 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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