Mark Sheptoff Financial Planning LLC Cuts Stake in American Water Works (AWK)
Mark Sheptoff Financial Planning LLC lowered its position in American Water Works (NYSE:AWK) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,935 shares of the utilities provider’s stock after selling 1 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in American Water Works were worth $1,242,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock worth $1,129,202,000 after buying an additional 13,566,529 shares during the period. Vanguard Group Inc. increased its stake in American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock worth $1,378,085,000 after buying an additional 657,026 shares during the period. Harbour Capital Advisors LLC increased its stake in American Water Works by 7,096.4% in the second quarter. Harbour Capital Advisors LLC now owns 655,949 shares of the utilities provider’s stock worth $8,415,000 after buying an additional 646,834 shares during the period. Cambiar Investors LLC purchased a new stake in American Water Works during the first quarter worth approximately $41,992,000. Finally, JPMorgan Chase & Co. increased its stake in American Water Works by 93.7% in the first quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock worth $66,985,000 after buying an additional 416,651 shares during the period. 79.96% of the stock is owned by hedge funds and other institutional investors.
Shares of American Water Works (NYSE:AWK) traded down 0.14% on Thursday, reaching $80.74. The company had a trading volume of 113,353 shares. The company’s 50-day moving average price is $80.69 and its 200 day moving average price is $78.34. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89. The firm has a market capitalization of $14.39 billion, a P/E ratio of 30.48 and a beta of 0.25.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The business had revenue of $844 million for the quarter, compared to analyst estimates of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share. On average, analysts expect that American Water Works will post $3.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.415 per share. The ex-dividend date is Monday, August 7th. This represents a $1.66 annualized dividend and a dividend yield of 2.05%. American Water Works’s dividend payout ratio is presently 62.64%.
AWK has been the subject of a number of research reports. BidaskClub downgraded American Water Works from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Vetr downgraded American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price for the company. in a report on Wednesday, June 14th. Finally, Northcoast Research initiated coverage on American Water Works in a report on Thursday, May 25th. They set a “neutral” rating for the company. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. American Water Works has an average rating of “Hold” and an average target price of $82.63.
In other news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the transaction, the chief operating officer now directly owns 94,702 shares in the company, valued at $7,770,299.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.
About American Water Works
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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