American Water Works (AWK) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its stake in American Water Works (NYSE:AWK) by 24.7% during the first quarter, Holdings Channel reports. The firm owned 1,482 shares of the utilities provider’s stock after buying an additional 294 shares during the period. Parallel Advisors LLC’s holdings in American Water Works were worth $115,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Van ECK Associates Corp boosted its stake in shares of American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock valued at $120,000 after buying an additional 236 shares during the period. Crestwood Advisors Group LLC acquired a new stake in shares of American Water Works during the first quarter valued at approximately $121,000. Seven Eight Capital LP acquired a new stake in shares of American Water Works during the fourth quarter valued at approximately $137,000. Capital Guardian Trust Co. boosted its stake in shares of American Water Works by 360.0% in the fourth quarter. Capital Guardian Trust Co. now owns 2,300 shares of the utilities provider’s stock valued at $166,000 after buying an additional 1,800 shares during the period. Finally, First National Trust Co. acquired a new stake in shares of American Water Works during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

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

American Water Works (NYSE:AWK) traded down 0.0616% during mid-day trading on Tuesday, reaching $81.2799. The company’s stock had a trading volume of 220,353 shares. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 30.3283 and a beta of 0.23. American Water Works has a 12 month low of $69.41 and a 12 month high of $85.24. The stock’s 50 day moving average is $77.94 and its 200 day moving average is $75.67.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. The company had revenue of $756 million for the quarter, compared to analyst estimates of $759.54 million. American Water Works had a return on equity of 9.92% and a net margin of 14.45%. American Water Works’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Equities research analysts predict that American Water Works will post $3.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 5th were given a dividend of $0.415 per share. The ex-dividend date was Wednesday, May 3rd. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from American Water Works’s previous quarterly dividend of $0.38. American Water Works’s dividend payout ratio (DPR) is currently 61.71%.

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Several equities research analysts have commented on the stock. Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target on the stock. in a research report on Wednesday, June 14th. BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Northcoast Research initiated coverage on American Water Works in a report on Thursday, May 25th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, March 15th. Finally, HSBC Holdings plc downgraded American Water Works from a “buy” rating to a “hold” rating and set a $79.00 price objective on the stock. in a report on Wednesday, March 15th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. American Water Works has an average rating of “Buy” and a consensus target price of $82.78.

In other news, SVP Loyd A. Warnock sold 2,236 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $75.73, for a total transaction of $169,332.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $75.21, for a total value of $94,990.23. Following the sale, the senior vice president now directly owns 7,055 shares in the company, valued at approximately $530,606.55. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

About American Water Works

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AWK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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