IFM Investors Pty Ltd Invests $436,000 in American Water Works (AWK) Stock

IFM Investors Pty Ltd acquired a new stake in shares of American Water Works (NYSE:AWK) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,386 shares of the utilities provider’s stock, valued at approximately $436,000.

A number of other hedge funds also recently bought and sold shares of AWK. Vanguard Group Inc. increased its holdings in shares of American Water Works by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock worth $1,417,580,000 after purchasing an additional 465,748 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of American Water Works by 8.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,748,900 shares of the utilities provider’s stock worth $222,414,000 after purchasing an additional 216,451 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of American Water Works by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock worth $208,915,000 after purchasing an additional 12,280 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of American Water Works by 0.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock worth $157,514,000 after purchasing an additional 11,197 shares in the last quarter. Finally, Impax Asset Management LTD increased its holdings in shares of American Water Works by 5.7% in the 3rd quarter. Impax Asset Management LTD now owns 1,937,460 shares of the utilities provider’s stock worth $156,760,000 after purchasing an additional 105,051 shares in the last quarter. 81.11% of the stock is owned by institutional investors.

A number of analysts have commented on AWK shares. Zacks Investment Research lowered American Water Works from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Robert W. Baird lifted their target price on American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Janney Montgomery Scott lowered American Water Works from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Wells Fargo & Company set a $89.00 target price on American Water Works and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Bank of America started coverage on American Water Works in a report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $85.63.

American Water Works (NYSE AWK) opened at $90.82 on Friday. The stock has a market capitalization of $16,116.22, a price-to-earnings ratio of 31.16, a PEG ratio of 4.16 and a beta of 0.27. American Water Works has a 52 week low of $69.96 and a 52 week high of $92.37. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. The firm had revenue of $936.00 million for the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. research analysts predict that American Water Works will post 3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.83%. American Water Works’s dividend payout ratio (DPR) is currently 56.27%.

In other news, COO Walter Lynch sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. Following the transaction, the chief operating officer now directly owns 97,667 shares in the company, valued at approximately $8,785,146.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the transaction, the insider now owns 3,659 shares in the company, valued at $328,395.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,856 shares of company stock worth $616,700. Company insiders own 0.34% of the company’s stock.

WARNING: This story was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://stocknewstimes.com/2017/12/16/ifm-investors-pty-ltd-invests-436000-in-american-water-works-awk-stock.html.

About American Water Works

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.

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.

Latest News

Leave a Reply