Scout Investments Inc. grew its holdings in American Water Works Company Inc (NYSE:AWK) by 43.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 570,099 shares of the utilities provider’s stock after purchasing an additional 173,171 shares during the quarter. American Water Works comprises 1.3% of Scout Investments Inc.’s portfolio, making the stock its 14th biggest holding. Scout Investments Inc. owned approximately 0.32% of American Water Works worth $51,748,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of AWK. Federated Investors Inc. PA grew its position in shares of American Water Works by 9,419.3% in the third quarter. Federated Investors Inc. PA now owns 923,280 shares of the utilities provider’s stock valued at $81,221,000 after purchasing an additional 913,581 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of American Water Works by 2.3% in the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after buying an additional 436,131 shares during the period. BlackRock Inc. lifted its stake in shares of American Water Works by 3.1% in the third quarter. BlackRock Inc. now owns 14,023,195 shares of the utilities provider’s stock valued at $1,233,619,000 after buying an additional 417,354 shares during the period. Renaissance Technologies LLC lifted its stake in shares of American Water Works by 47.0% in the third quarter. Renaissance Technologies LLC now owns 715,800 shares of the utilities provider’s stock valued at $62,969,000 after buying an additional 228,700 shares during the period. Finally, Sabal Trust CO bought a new stake in shares of American Water Works in the third quarter valued at about $18,921,000. 82.76% of the stock is currently owned by institutional investors.
AWK has been the subject of several research reports. Janney Montgomery Scott increased their target price on shares of American Water Works from $96.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, December 12th. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Friday, December 7th. ValuEngine upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of American Water Works in a research note on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. American Water Works currently has a consensus rating of “Buy” and a consensus target price of $95.22.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $946.35 million. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. Equities research analysts expect that American Water Works Company Inc will post 3.3 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, February 6th. American Water Works’s dividend payout ratio is 60.07%.
In other news, COO Walter Lynch sold 5,000 shares of the firm’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 sale, the chief operating officer now owns 107,031 shares of the company’s stock, valued at $9,813,672.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Karl F. Kurz acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were purchased 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 company insiders.
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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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