American Water Works (AWK) Shares Bought by LGT Capital Partners LTD.
LGT Capital Partners LTD. increased its position in shares of American Water Works (NYSE:AWK) by 12.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 213,730 shares of the company’s stock after buying an additional 24,120 shares during the period. American Water Works comprises about 2.2% of LGT Capital Partners LTD.’s holdings, making the stock its 16th largest position. LGT Capital Partners LTD. owned about 0.12% of American Water Works worth $15,996,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in 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 boosted its position in 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 last quarter. 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 last quarter. Hedge funds and other institutional investors own 81.26% of the company’s stock.
Shares of American Water Works (NYSE:AWK) traded up 0.06% during trading on Friday, hitting $71.83. 995,525 shares of the stock were exchanged. American Water Works has a 52-week low of $56.40 and a 52-week high of $85.24. The firm has a 50 day moving average of $72.04 and a 200-day moving average of $76.07. The stock has a market cap of $12.78 billion, a PE ratio of 26.20 and a beta of 0.23.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. American Water Works had a net margin of 14.19% and a return on equity of 9.85%. The firm earned $930 million during the quarter, compared to analyst estimates of $944.98 million. During the same period in the previous year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts anticipate that American Water Works will post $2.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 9th will be paid a $0.375 dividend. The ex-dividend date is Monday, November 7th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.09%. American Water Works’s dividend payout ratio is presently 57.47%.
A number of brokerages recently commented on AWK. Vetr upgraded shares of American Water Works from a “buy” rating to a “strong-buy” rating and set a $79.67 price target on the stock in a research note on Thursday, November 10th. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America Corp. upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $84.00 in a research note on Wednesday, November 9th. Robert W. Baird began coverage on shares of American Water Works in a research note on Friday, October 14th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Barclays PLC dropped their price target on shares of American Water Works from $87.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 6th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $80.33.
About American Water Works
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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