32,473 Shares in American Water Works (AWK) Purchased by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd acquired a new stake in shares of American Water Works (NYSE:AWK) during the second quarter, according to its most recent filing with the SEC. The fund acquired 32,473 shares of the utilities provider’s stock, valued at approximately $2,531,000.

Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in shares of American Water Works by 3.1% during the 2nd quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock valued at $54,715,000 after purchasing an additional 21,000 shares during the period. Scout Investments Inc. raised its stake in shares of American Water Works by 5.7% during the 2nd quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock valued at $40,561,000 after purchasing an additional 28,279 shares during the period. Ameriprise Financial Inc. raised its stake in shares of American Water Works by 9.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock valued at $85,920,000 after purchasing an additional 95,303 shares during the period. Prudential Financial Inc. raised its stake in shares of American Water Works by 1.3% during the 2nd quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock valued at $20,039,000 after purchasing an additional 3,368 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in shares of American Water Works by 93.3% during the 2nd quarter. State of Wisconsin Investment Board now owns 92,431 shares of the utilities provider’s stock valued at $7,205,000 after purchasing an additional 44,620 shares during the period. Institutional investors own 79.77% of the company’s stock.

In other American Water Works news, COO Walter Lynch sold 3,335 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the sale, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

American Water Works (NYSE:AWK) opened at 84.44 on Wednesday. American Water Works has a 52 week low of $69.41 and a 52 week high of $84.44. The firm has a 50-day moving average price of $81.92 and a 200-day moving average price of $79.82. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 31.88 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). The business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. American Water Works’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. Analysts anticipate that American Water Works will post $3.00 EPS for the current fiscal year.

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A number of analysts recently issued reports on the company. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird reiterated a “hold” rating and set a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective on the stock. in a research note on Wednesday, June 14th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $82.86.

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

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