American Water Works (AWK) Stake Lessened by Cramer Rosenthal Mcglynn LLC
Cramer Rosenthal Mcglynn LLC trimmed its holdings in American Water Works (NYSE:AWK) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 889,364 shares of the utilities provider’s stock after selling 51,297 shares during the period. American Water Works accounts for about 1.1% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 25th biggest holding. Cramer Rosenthal Mcglynn LLC owned approximately 0.50% of American Water Works worth $69,326,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of American Water Works by 3.1% during the 2nd quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock worth $54,715,000 after acquiring an additional 21,000 shares during the period. Scout Investments Inc. increased its holdings in shares of American Water Works by 5.7% during the 2nd quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock worth $40,561,000 after acquiring an additional 28,279 shares during the last quarter. Prudential Financial Inc. raised its stake in American Water Works by 1.3% in the 2nd quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock valued at $20,039,000 after acquiring an additional 3,368 shares during the period. Ameriprise Financial Inc. raised its stake in American Water Works by 9.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock valued at $85,920,000 after acquiring an additional 95,303 shares during the period. Finally, Wells Fargo & Company MN raised its stake in American Water Works by 11.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,532,449 shares of the utilities provider’s stock valued at $197,405,000 after acquiring an additional 251,271 shares during the period. 79.77% of the stock is owned by institutional investors.
American Water Works (NYSE AWK) traded down 0.40% during mid-day trading on Tuesday, reaching $81.44. The company had a trading volume of 215,106 shares. The stock has a 50-day moving average of $81.70 and a 200 day moving average of $79.55. American Water Works has a 12-month low of $69.41 and a 12-month high of $83.14. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 31.08 and a beta of 0.25.
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 consensus estimate of $0.80 by ($0.07). The company had revenue of $844.00 million during the quarter, compared to the consensus estimate 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 revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. On average, analysts expect that American Water Works will post $3.00 EPS for the current year.
Several equities research analysts have issued reports on AWK shares. Vetr downgraded American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a report on Wednesday, June 14th. BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Tuesday, July 11th. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a research report on Sunday. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.86.
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In other news, COO Walter Lynch sold 3,335 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the sale, the chief operating officer now owns 94,702 shares in the company, valued at approximately $7,770,299.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.
American Water Works 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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