American Water Works (AWK) Stake Held by Everett Harris & Co. CA

American Water Works (AWK) Stake Held by Everett Harris & Co. CA

Everett Harris & Co. CA maintained its position in shares of American Water Works (NYSE:AWK) during the third quarter, Holdings Channel reports. The institutional investor owned 355,000 shares of the company’s stock at the end of the third quarter. American Water Works makes up about 0.9% of Everett Harris & Co. CA’s holdings, making the stock its 28th largest position. Everett Harris & Co. CA’s holdings in American Water Works were worth $26,568,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of American Water Works by 488.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,612 shares of the company’s stock worth $136,000 after buying an additional 1,338 shares during the last quarter. Washington Trust Bank increased its position in shares of American Water Works by 1.0% in the third quarter. Washington Trust Bank now owns 2,093 shares of the company’s stock worth $157,000 after buying an additional 21 shares during the last quarter. 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. Tower Research Capital LLC TRC bought a new position in American Water Works during the second quarter worth $197,000. Finally, Mizuho Asset Management Co. Ltd. boosted its position in American Water Works by 140.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,480 shares of the company’s stock worth $210,000 after buying an additional 1,447 shares during the period. Institutional investors own 78.84% of the company’s stock.

American Water Works (NYSE:AWK) traded down 0.21% on Wednesday, reaching $72.93. 109,287 shares of the company’s stock were exchanged. American Water Works has a 1-year low of $58.90 and a 1-year high of $85.24. The firm’s 50 day moving average is $72.70 and its 200 day moving average is $75.80. The stock has a market capitalization of $12.98 billion, a P/E ratio of 28.06 and a beta of 0.21.

American Water Works (NYSE:AWK) last posted its 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. The company had revenue of $930 million for the quarter, compared to analysts’ expectations of $944.98 million. American Water Works had a return on equity of 9.85% and a net margin of 14.19%. American Water Works’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Analysts expect that American Water Works will post $2.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $1.50 annualized dividend and a yield of 2.05%. American Water Works’s dividend payout ratio (DPR) is presently 57.47%.

AWK has been the topic of a number of recent analyst reports. Bank of America Corp. raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the stock from $77.00 to $84.00 in a research note on Wednesday, November 9th. Vetr cut shares of American Water Works from a “strong-buy” rating to a “buy” rating and set a $79.67 price target on the stock. in a research note on Wednesday, November 16th. Janney Montgomery Scott raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the stock from $73.31 to $80.00 in a research note on Tuesday, December 20th. Robert W. Baird set a $82.00 price target on shares of American Water Works and gave the stock a “buy” rating in a research note on Sunday, December 18th. Finally, Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Monday, November 28th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. American Water Works presently has a consensus rating of “Buy” and an average price target of $79.56.

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.

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