Copeland Capital Management LLC trimmed its holdings in American Water Works Company Inc (NYSE:AWK) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 133,899 shares of the utilities provider’s stock after selling 9,859 shares during the period. Copeland Capital Management LLC owned approximately 0.07% of American Water Works worth $16,634,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. JNBA Financial Advisors lifted its stake in American Water Works by 28.6% during the second quarter. JNBA Financial Advisors now owns 450 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 100 shares in the last quarter. Braun Stacey Associates Inc. lifted its stake in American Water Works by 4.9% during the second quarter. Braun Stacey Associates Inc. now owns 67,829 shares of the utilities provider’s stock worth $7,868,000 after purchasing an additional 3,190 shares in the last quarter. Davis R M Inc. lifted its stake in American Water Works by 0.8% during the second quarter. Davis R M Inc. now owns 456,143 shares of the utilities provider’s stock worth $52,913,000 after purchasing an additional 3,514 shares in the last quarter. Bank of Montreal Can lifted its stake in American Water Works by 107.8% during the second quarter. Bank of Montreal Can now owns 442,534 shares of the utilities provider’s stock worth $51,333,000 after purchasing an additional 229,535 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in American Water Works by 485.3% during the second quarter. Cubist Systematic Strategies LLC now owns 114,282 shares of the utilities provider’s stock worth $13,257,000 after purchasing an additional 94,757 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.
AWK has been the topic of a number of research reports. Robert W. Baird upped their price target on American Water Works from $117.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co upped their price target on American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Bank of America cut American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research note on Monday, July 15th. They noted that the move was a valuation call. ValuEngine cut American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Janney Montgomery Scott upped their price target on American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $129.60.
American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.03. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. On average, equities analysts forecast that American Water Works Company Inc will post 3.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, November 8th. American Water Works’s payout ratio is currently 60.61%.
In other news, COO Walter Lynch sold 6,908 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $126.91, for a total value of $876,694.28. Following the sale, the chief operating officer now directly owns 113,574 shares in the company, valued at $14,413,676.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George Mackenzie sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $129.18, for a total value of $1,291,800.00. Following the completion of the sale, the director now owns 25,338 shares in the company, valued at $3,273,162.84. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.
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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