Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Water Works Company Inc (NYSE:AWK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,850 shares of the utilities provider’s stock, valued at approximately $2,036,000.

Several other large investors also recently bought and sold shares of AWK. Bessemer Group Inc. lifted its position in shares of American Water Works by 35.7% during the second quarter. Bessemer Group Inc. now owns 3,037,757 shares of the utilities provider’s stock worth $259,363,000 after acquiring an additional 798,684 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of American Water Works during the first quarter worth $61,281,000. Magellan Asset Management Ltd lifted its position in shares of American Water Works by 140.4% during the first quarter. Magellan Asset Management Ltd now owns 1,234,081 shares of the utilities provider’s stock worth $101,355,000 after acquiring an additional 720,775 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of American Water Works by 19.1% during the second quarter. Wells Fargo & Company MN now owns 3,663,972 shares of the utilities provider’s stock worth $312,830,000 after acquiring an additional 586,729 shares in the last quarter. Finally, Scout Investments Inc. lifted its position in shares of American Water Works by 1,069.4% during the second quarter. Scout Investments Inc. now owns 476,025 shares of the utilities provider’s stock worth $40,643,000 after acquiring an additional 435,317 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Several research firms have issued reports on AWK. ValuEngine upgraded American Water Works from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Monday, July 23rd. Boenning Scattergood restated a “neutral” rating on shares of American Water Works in a research report on Thursday, June 28th. Janney Montgomery Scott upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $87.00 to $92.00 in a research report on Monday, April 16th. They noted that the move was a valuation call. Finally, Argus restated a “buy” rating and set a $105.00 target price on shares of American Water Works in a research report on Tuesday, May 8th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $89.79.

American Water Works stock opened at $87.40 on Tuesday. The firm has a market capitalization of $15.82 billion, a PE ratio of 27.47, a PEG ratio of 3.43 and a beta of 0.16. American Water Works Company Inc has a fifty-two week low of $76.04 and a fifty-two week high of $92.37. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 1.11.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The firm had revenue of $853.00 million for the quarter, compared to analysts’ expectations of $866.02 million. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. sell-side analysts anticipate that American Water Works Company Inc will post 3.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 10th will be issued a $0.455 dividend. The ex-dividend date is Thursday, August 9th. This represents a $1.82 annualized dividend and a dividend yield of 2.08%. American Water Works’s payout ratio is currently 60.07%.

In other news, SVP Loyd A. Warnock sold 2,870 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $81.45, for a total value of $233,761.50. Following the transaction, the senior vice president now owns 14,410 shares of the company’s stock, valued at $1,173,694.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael A. Sgro sold 16,026 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $80.54, for a total transaction of $1,290,734.04. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

See Also: Book Value Per Share – BVPS

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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