Parallel Advisors LLC Has $117,000 Position in American Water Works (AWK)
Parallel Advisors LLC decreased its position in shares of American Water Works (NYSE:AWK) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,447 shares of the utilities provider’s stock after selling 35 shares during the period. Parallel Advisors LLC’s holdings in American Water Works were worth $117,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Tyers Asset Management LLC boosted its stake in American Water Works by 12.6% in the first quarter. Tyers Asset Management LLC now owns 21,000 shares of the utilities provider’s stock worth $1,633,000 after buying an additional 2,352 shares during the period. State Treasurer State of Michigan boosted its stake in American Water Works by 0.5% in the first quarter. State Treasurer State of Michigan now owns 58,528 shares of the utilities provider’s stock worth $4,552,000 after buying an additional 300 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in American Water Works by 4.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,152 shares of the utilities provider’s stock worth $2,267,000 after buying an additional 1,121 shares during the period. Advisory Services Network LLC acquired a new stake in American Water Works during the first quarter worth approximately $751,000. Finally, Canada Pension Plan Investment Board boosted its stake in American Water Works by 38.2% in the first quarter. Canada Pension Plan Investment Board now owns 242,110 shares of the utilities provider’s stock worth $18,829,000 after buying an additional 66,954 shares during the period. Hedge funds and other institutional investors own 79.96% of the company’s stock.
American Water Works (NYSE:AWK) opened at 81.36 on Wednesday. The firm has a 50-day moving average of $80.69 and a 200-day moving average of $78.34. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 30.71 and a beta of 0.25. American Water Works has a 1-year low of $69.41 and a 1-year high of $82.89.
American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.07. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The company had revenue of $844 million for the quarter, compared to analysts’ expectations of $869.52 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that American Water Works will post $3.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s payout ratio is presently 62.64%.
A number of equities research analysts have recently commented on the company. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Vetr cut American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. in a research report on Wednesday, June 14th. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Northcoast Research assumed coverage on American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.63.
In related news, COO Walter Lynch sold 15,169 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $82.00, for a total transaction of $1,243,858.00. Following the transaction, the chief operating officer now directly owns 111,171 shares of the company’s stock, valued at $9,116,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.
American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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