NGAM Advisors L.P. Acquires 482 Shares of American Water Works (NYSE:AWK)

NGAM Advisors L.P. raised its position in shares of American Water Works (NYSE:AWK) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,892 shares of the utilities provider’s stock after buying an additional 482 shares during the period. NGAM Advisors L.P.’s holdings in American Water Works were worth $6,072,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AWK. BlackRock Inc. raised its stake in American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock worth $1,129,202,000 after buying an additional 13,566,529 shares during the period. Vanguard Group Inc. boosted its stake in American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock valued at $1,378,085,000 after buying an additional 657,026 shares in the last quarter. Cambiar Investors LLC bought a new stake in American Water Works during the first quarter valued at approximately $41,992,000. JPMorgan Chase & Co. boosted its stake in American Water Works by 93.7% in the first quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock valued at $66,985,000 after buying an additional 416,651 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in American Water Works during the first quarter valued at approximately $28,092,000. Institutional investors own 81.03% of the company’s stock.

Shares of American Water Works (NYSE AWK) opened at 81.08 on Friday. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 30.58 and a beta of 0.25. The stock’s 50 day moving average is $80.00 and its 200-day moving average is $77.25. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $844 million for the quarter, compared to analyst estimates of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. On average, analysts anticipate that American Water Works will post $3.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s payout ratio is 62.64%.

Several equities research analysts have recently commented on the stock. 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 lowered shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Northcoast Research assumed coverage on shares of American Water Works in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. Vetr lowered shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a research note on Wednesday, June 14th. Finally, Robert W. Baird downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $69.41 to $82.00 in a report on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $82.63.

In related news, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $75.21, for a total transaction of $94,990.23. Following the completion of the sale, the senior vice president now directly owns 7,055 shares of the company’s stock, valued at approximately $530,606.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

American Water Works Company 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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