Cidel Asset Management Inc. Has $1.87 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Cidel Asset Management Inc. lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,150 shares of the utilities provider’s stock after purchasing an additional 169 shares during the quarter. Cidel Asset Management Inc.’s holdings in American Water Works were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of American Water Works by 6.2% in the first quarter. BlackRock Inc. now owns 15,674,504 shares of the utilities provider’s stock valued at $2,349,922,000 after purchasing an additional 911,406 shares in the last quarter. Man Group plc increased its holdings in American Water Works by 1,914.7% in the 1st quarter. Man Group plc now owns 329,642 shares of the utilities provider’s stock valued at $49,419,000 after buying an additional 313,280 shares during the period. Impax Asset Management Group plc raised its stake in shares of American Water Works by 4.0% in the 2nd quarter. Impax Asset Management Group plc now owns 5,580,336 shares of the utilities provider’s stock valued at $858,849,000 after buying an additional 215,436 shares in the last quarter. Nuance Investments LLC bought a new position in shares of American Water Works during the 1st quarter worth about $30,909,000. Finally, NFJ Investment Group LLC acquired a new stake in shares of American Water Works during the 1st quarter valued at about $29,171,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

American Water Works stock traded up $0.38 on Wednesday, reaching $185.26. The company’s stock had a trading volume of 9,547 shares, compared to its average volume of 864,763. American Water Works Company, Inc. has a twelve month low of $131.01 and a twelve month high of $189.35. The company has a market cap of $33.62 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 5.40 and a beta of 0.23. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.89 and a current ratio of 0.92. The business’s fifty day moving average price is $175.73 and its 200 day moving average price is $160.35.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Sunday, August 1st. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.06. The business had revenue of $999.00 million for the quarter, compared to the consensus estimate of $1.01 billion. American Water Works had a net margin of 19.26% and a return on equity of 11.42%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. As a group, equities analysts forecast that American Water Works Company, Inc. will post 4.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Tuesday, August 10th were paid a dividend of $0.603 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.41 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, August 9th. American Water Works’s dividend payout ratio is 61.79%.

A number of research analysts have commented on AWK shares. Barclays raised their price target on shares of American Water Works from $170.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 15th. Janney Montgomery Scott cut American Water Works from a “buy” rating to a “neutral” rating and upped their price target for the company from $159.00 to $181.00 in a research report on Wednesday, August 4th. US Capital Advisors lowered American Water Works from an “overweight” rating to a “hold” rating in a research note on Friday, August 13th. HSBC downgraded shares of American Water Works from a “buy” rating to a “hold” rating and boosted their target price for the company from $181.00 to $190.00 in a research note on Wednesday, September 1st. They noted that the move was a valuation call. Finally, Argus upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Friday, August 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $182.00.

American Water Works Profile

American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.

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

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