The American Water Works (AWK) Shares Bought by Stephens Inc. AR

The American Water Works (AWK) Shares Bought by Stephens Inc. AR

Stephens Inc. AR raised its position in American Water Works (NYSE:AWK) by 4.2% during the third quarter, Holdings Channel reports. The firm owned 7,380 shares of the company’s stock after buying an additional 296 shares during the period. Stephens Inc. AR’s holdings in American Water Works were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in American Water Works by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,310 shares of the company’s stock worth $195,000 after buying an additional 10 shares during the period. LS Investment Advisors LLC boosted its position in shares of American Water Works by 107.1% in the second quarter. LS Investment Advisors LLC now owns 22,487 shares of the company’s stock worth $1,900,000 after buying an additional 11,631 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of American Water Works by 9.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,378,871 shares of the company’s stock worth $116,530,000 after buying an additional 115,659 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of American Water Works by 416.2% in the second quarter. Daiwa Securities Group Inc. now owns 33,550 shares of the company’s stock worth $2,835,000 after buying an additional 27,050 shares during the last quarter. Finally, MSI Financial Services Inc boosted its position in shares of American Water Works by 30.2% in the second quarter. MSI Financial Services Inc now owns 4,829 shares of the company’s stock worth $408,000 after buying an additional 1,120 shares during the last quarter. 79.56% of the stock is owned by institutional investors.

Shares of American Water Works (NYSE:AWK) traded up 0.74% during midday trading on Wednesday, hitting $72.60. The company had a trading volume of 1,361,384 shares. The firm’s 50 day moving average is $72.40 and its 200 day moving average is $74.96. The company has a market capitalization of $12.92 billion, a P/E ratio of 27.93 and a beta of 0.21. American Water Works has a 52 week low of $59.41 and a 52 week high of $85.24.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. American Water Works had a return on equity of 9.85% and a net margin of 14.19%. The firm earned $930 million during the quarter, compared to analyst estimates of $944.98 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that American Water Works will post $2.85 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Friday, February 3rd. American Water Works’s dividend payout ratio (DPR) is currently 57.47%.

A number of equities analysts have issued reports on AWK shares. Robert W. Baird started coverage on American Water Works in a report on Friday, October 14th. They issued an “outperform” rating and a $82.00 target price for the company. Bank of America Corporation raised American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $77.00 to $84.00 in a report on Wednesday, November 9th. Vetr raised American Water Works from a “buy” rating to a “strong-buy” rating and set a $79.67 target price for the company in a report on Thursday, November 10th. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. Finally, Janney Montgomery Scott raised American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $73.31 to $80.00 in a report on Tuesday, December 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.00.

American Water Works Company Profile

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works (NYSE:AWK).

Related posts

Leave a Comment