Psagot Investment House Ltd. Buys New Position in American Water Works (AWK)

Psagot Investment House Ltd. purchased a new position in American Water Works (NYSE:AWK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,900 shares of the utilities provider’s stock, valued at approximately $1,772,000.

Several other large investors also recently bought and sold shares of the stock. Whittier Trust Co. raised its holdings in American Water Works by 1.7% during the 3rd quarter. Whittier Trust Co. now owns 213,681 shares of the utilities provider’s stock valued at $17,287,000 after acquiring an additional 3,607 shares during the period. Swiss National Bank raised its holdings in American Water Works by 3.1% during the 2nd quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock valued at $54,715,000 after acquiring an additional 21,000 shares during the period. Forsta AP Fonden raised its holdings in American Water Works by 17.5% during the 3rd quarter. Forsta AP Fonden now owns 168,800 shares of the utilities provider’s stock valued at $13,658,000 after acquiring an additional 25,100 shares during the period. Ameriprise Financial Inc. raised its holdings in American Water Works by 9.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock valued at $85,920,000 after acquiring an additional 95,303 shares during the period. Finally, Scout Investments Inc. raised its holdings in American Water Works by 5.7% during the 2nd quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock valued at $40,561,000 after acquiring an additional 28,279 shares during the period. 80.96% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on AWK shares. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Robert W. Baird restated a “hold” rating and set a $82.00 price target on shares of American Water Works in a research report on Sunday, October 1st. Bank of America began coverage on shares of American Water Works in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 target price for the company. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. American Water Works presently has a consensus rating of “Hold” and an average target price of $85.63.

In other news, COO Walter Lynch sold 5,000 shares of American Water Works stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. Following the transaction, the chief operating officer now owns 97,667 shares in the company, valued at approximately $8,785,146.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of American Water Works stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. Insiders sold 6,856 shares of company stock worth $616,700 in the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

Shares of American Water Works (AWK) opened at $90.94 on Thursday. American Water Works has a fifty-two week low of $69.96 and a fifty-two week high of $91.97. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21. The company has a market cap of $16,171.51, a P/E ratio of 31.26, a PEG ratio of 3.98 and a beta of 0.27.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The company had revenue of $936.00 million for the quarter, compared to analysts’ expectations of $992.58 million. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. sell-side analysts forecast that American Water Works will post 3.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.83%. The ex-dividend date was Thursday, November 9th. American Water Works’s dividend payout ratio is currently 56.27%.

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American Water Works Profile

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.

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

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