Moneta Group Investment Advisors LLC raised its stake in shares of American Water Works Company Inc (NYSE:AWK) by 21,984.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,350 shares of the utilities provider’s stock after buying an additional 210,393 shares during the period. Moneta Group Investment Advisors LLC’s holdings in American Water Works were worth $507,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AWK. Synovus Financial Corp bought a new position in shares of American Water Works in the first quarter worth about $114,000. Signaturefd LLC bought a new position in shares of American Water Works in the first quarter worth about $121,000. Centaurus Financial Inc. bought a new position in shares of American Water Works in the second quarter worth about $126,000. McKinley Carter Wealth Services Inc. bought a new position in shares of American Water Works in the first quarter worth about $148,000. Finally, Edge Wealth Management LLC bought a new position in shares of American Water Works in the second quarter worth about $149,000. Institutional investors own 83.48% of the company’s stock.
In related news, COO Walter Lynch sold 10,000 shares of American Water Works stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $89.57, for a total transaction of $895,700.00. Following the sale, the chief operating officer now directly owns 112,031 shares of the company’s stock, valued at $10,034,616.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Loyd A. Warnock sold 10,520 shares of American Water Works stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $87.86, for a total value of $924,287.20. Following the sale, the senior vice president now directly owns 12,322 shares in the company, valued at $1,082,610.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,634 shares of company stock worth $1,918,888. 0.35% of the stock is owned by company insiders.
AWK stock opened at $89.24 on Friday. American Water Works Company Inc has a twelve month low of $76.04 and a twelve month high of $92.37. The stock has a market cap of $15.96 billion, a P/E ratio of 29.45, a PEG ratio of 3.47 and a beta of 0.11. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.27 and a current ratio of 0.28.
American Water Works (NYSE:AWK) last released its earnings results on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. American Water Works had a return on equity of 10.32% and a net margin of 13.94%. The business had revenue of $853.00 million for the quarter, compared to the consensus estimate of $866.02 million. During the same period last year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. sell-side analysts predict that American Water Works Company Inc will post 3.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 10th were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Thursday, August 9th. American Water Works’s dividend payout ratio (DPR) is presently 60.07%.
About American Water Works
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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