American Water Works Company Inc (AWK) Position Trimmed by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 33.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,024,810 shares of the utilities provider’s stock after selling 1,012,947 shares during the period. Bessemer Group Inc.’s holdings in American Water Works were worth $178,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in American Water Works by 19.1% in the second quarter. Wells Fargo & Company MN now owns 3,663,972 shares of the utilities provider’s stock valued at $312,830,000 after purchasing an additional 586,729 shares in the last quarter. BlackRock Inc. grew its stake in American Water Works by 3.3% in the second quarter. BlackRock Inc. now owns 13,605,841 shares of the utilities provider’s stock valued at $1,161,668,000 after purchasing an additional 437,246 shares in the last quarter. Scout Investments Inc. grew its stake in American Water Works by 1,069.4% in the second quarter. Scout Investments Inc. now owns 476,025 shares of the utilities provider’s stock valued at $40,643,000 after purchasing an additional 435,317 shares in the last quarter. Unigestion Holding SA purchased a new position in American Water Works in the second quarter valued at about $24,107,000. Finally, Carillon Tower Advisers Inc. grew its stake in American Water Works by 1,172.0% in the second quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock valued at $26,092,000 after purchasing an additional 281,575 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

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

In other news, SVP Loyd A. Warnock sold 10,520 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the completion of the sale, the senior vice president now owns 12,322 shares in the company, valued at approximately $1,082,610.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Walter Lynch sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $89.57, for a total value of $895,700.00. Following the sale, the chief operating officer now owns 112,031 shares of the company’s stock, valued at approximately $10,034,616.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,634 shares of company stock valued at $1,918,888. 0.35% of the stock is currently owned by corporate insiders.

Shares of NYSE AWK opened at $89.61 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. American Water Works Company Inc has a one year low of $76.04 and a one year high of $92.79. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.50 and a beta of 0.10.

American Water Works (NYSE:AWK) last released its quarterly 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. The company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $946.35 million. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 EPS. On average, equities research analysts anticipate that American Water Works Company Inc will post 3.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 12th will be paid 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 2.03%. American Water Works’s dividend payout ratio (DPR) is presently 60.07%.

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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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

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

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