American Water Works Company Inc (AWK) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its stake in shares of American Water Works Company Inc (NYSE:AWK) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,932 shares of the utilities provider’s stock after selling 1,884 shares during the period. Sigma Planning Corp’s holdings in American Water Works were worth $1,104,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings in 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 during the period. Bessemer Group Inc. boosted its position in shares of American Water Works by 35.7% in the 2nd quarter. Bessemer Group Inc. now owns 3,037,757 shares of the utilities provider’s stock valued at $259,363,000 after purchasing an additional 798,684 shares during the period. Royal Bank of Canada boosted its position in American Water Works by 1.3% during the 1st quarter. Royal Bank of Canada now owns 1,999,120 shares of the utilities provider’s stock worth $164,187,000 after acquiring an additional 25,434 shares during the period. Legal & General Group Plc boosted its position in American Water Works by 5.4% during the 1st quarter. Legal & General Group Plc now owns 1,721,985 shares of the utilities provider’s stock worth $141,430,000 after acquiring an additional 88,082 shares during the period. Finally, Magellan Asset Management Ltd boosted its position in American Water Works by 140.4% during the 1st 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 during the period. Institutional investors and hedge funds own 83.50% of the company’s stock.

In related news, SVP Melanie M. Kennedy sold 1,114 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $88.78, for a total value of $98,900.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.35% of the company’s stock.

Several equities research analysts have recently issued reports on the company. ValuEngine upgraded American Water Works from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Argus reissued a “buy” rating and issued a $105.00 price objective on shares of American Water Works in a research note on Tuesday, May 8th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Monday, July 23rd. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, June 28th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $89.79.

American Water Works stock traded down $0.08 on Friday, reaching $87.53. The company’s stock had a trading volume of 723,500 shares, compared to its average volume of 911,661. The firm has a market cap of $15.75 billion, a P/E ratio of 28.75, a P/E/G ratio of 3.41 and a beta of 0.16. American Water Works Company Inc has a twelve month low of $76.04 and a twelve month high of $92.37. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.27 and a current ratio of 0.28.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Investors 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 dividend on an annualized basis and a yield of 2.08%. American Water Works’s dividend payout ratio is presently 60.07%.

American Water Works Company 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. 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.

Further Reading: Understanding Average Daily Trade Volume

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

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply