1,747 Shares in American Water Works Company Inc (NYSE:AWK) Bought by Gofen & Glossberg LLC IL

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Gofen & Glossberg LLC IL acquired a new position in shares of American Water Works Company Inc (NYSE:AWK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,747 shares of the utilities provider’s stock, valued at approximately $217,000.

A number of other hedge funds have also made changes to their positions in AWK. Price T Rowe Associates Inc. MD grew its holdings in American Water Works by 17.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock worth $1,017,533,000 after acquiring an additional 1,293,688 shares during the period. BlackRock Inc. grew its holdings in American Water Works by 5.7% during the second quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock worth $1,786,029,000 after acquiring an additional 827,507 shares during the period. Nuveen Asset Management LLC acquired a new position in American Water Works during the second quarter worth $59,360,000. Mirova grew its holdings in American Water Works by 2,355.8% during the second quarter. Mirova now owns 428,126 shares of the utilities provider’s stock worth $49,663,000 after acquiring an additional 410,693 shares during the period. Finally, California Public Employees Retirement System grew its holdings in American Water Works by 23.4% during the second quarter. California Public Employees Retirement System now owns 1,370,379 shares of the utilities provider’s stock worth $158,964,000 after acquiring an additional 259,864 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

AWK opened at $123.69 on Friday. The business’s fifty day moving average is $124.33 and its two-hundred day moving average is $115.73. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.56. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 4.30 and a beta of 0.09. American Water Works Company Inc has a one year low of $85.89 and a one year high of $129.89.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.94 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.94. The company had revenue of $882.00 million for the quarter, compared to the consensus estimate of $907.56 million. American Water Works had a return on equity of 10.51% and a net margin of 16.53%. American Water Works’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. On average, analysts predict that American Water Works Company Inc will post 3.6 EPS for the current fiscal year.

In other American Water Works news, COO Walter Lynch sold 6,908 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $126.91, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George Mackenzie sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total value of $1,291,800.00. Following 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. Over the last quarter, insiders have sold 20,931 shares of company stock worth $2,639,065. 0.36% of the stock is owned by company insiders.

A number of research analysts recently weighed in on AWK shares. ValuEngine lowered American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co upped their price objective on American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a report on Wednesday, August 14th. Bank of America downgraded American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research report on Monday, July 15th. They noted that the move was a valuation call. Robert W. Baird boosted their target price on American Water Works from $117.00 to $128.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Janney Montgomery Scott boosted their target price on American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $129.60.

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 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.

Further Reading: Cash Asset Ratio

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

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