Harel Insurance Investments & Financial Services Ltd. purchased a new position in American Water Works Company Inc (NYSE:AWK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,250 shares of the utilities provider’s stock, valued at approximately $155,000.

Other large investors also recently bought and sold shares of the company. JNBA Financial Advisors raised its holdings in American Water Works by 28.6% during the 2nd quarter. JNBA Financial Advisors now owns 450 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 100 shares during the period. Braun Stacey Associates Inc. raised its holdings in American Water Works by 4.9% during the 2nd quarter. Braun Stacey Associates Inc. now owns 67,829 shares of the utilities provider’s stock valued at $7,868,000 after acquiring an additional 3,190 shares during the period. Davis R M Inc. raised its holdings in American Water Works by 0.8% during the 2nd quarter. Davis R M Inc. now owns 456,143 shares of the utilities provider’s stock valued at $52,913,000 after acquiring an additional 3,514 shares during the period. Bank of Montreal Can raised its holdings in American Water Works by 107.8% during the 2nd quarter. Bank of Montreal Can now owns 442,534 shares of the utilities provider’s stock valued at $51,333,000 after acquiring an additional 229,535 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in American Water Works by 485.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 114,282 shares of the utilities provider’s stock valued at $13,257,000 after acquiring an additional 94,757 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Shares of American Water Works stock traded up $1.37 during trading on Thursday, hitting $118.30. The stock had a trading volume of 189,851 shares, compared to its average volume of 979,046. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 35.85, a P/E/G ratio of 3.97 and a beta of 0.06. American Water Works Company Inc has a 12 month low of $85.89 and a 12 month high of $129.89. The business’s 50-day moving average is $122.12 and its 200 day moving average is $118.31. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.40.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. American Water Works had a net margin of 17.85% and a return on equity of 10.77%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 earnings per share. As a group, equities analysts expect that American Water Works Company Inc will post 3.6 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 12th will be given a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 1.69%. American Water Works’s dividend payout ratio (DPR) is presently 60.61%.

In related news, Director George Mackenzie sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $129.18, for a total value of $1,291,800.00. Following the completion of the transaction, the director now directly owns 25,338 shares in the company, valued at $3,273,162.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Walter Lynch sold 6,908 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $126.91, for a total transaction of $876,694.28. Following the sale, the chief operating officer now owns 113,574 shares of the company’s stock, valued at $14,413,676.34. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on AWK shares. Wells Fargo & Co boosted their target price on shares of American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Robert W. Baird boosted their target price on shares of American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. ValuEngine cut shares of American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Janney Montgomery Scott upped their price target on shares of American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $129.60.

American Water Works Profile

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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

Read More: Net Income

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

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