Robeco Institutional Asset Management B.V. Grows Stock Position in American Water Works Company Inc (NYSE:AWK)

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Robeco Institutional Asset Management B.V. increased its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 520,834 shares of the utilities provider’s stock after purchasing an additional 9,879 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.29% of American Water Works worth $64,705,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Next Capital Management LLC increased its holdings in shares of American Water Works by 145.8% during the 2nd quarter. Next Capital Management LLC now owns 236 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 140 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in American Water Works in the 2nd quarter valued at $38,000. Orrstown Financial Services Inc. grew its holdings in American Water Works by 208.7% in the 3rd quarter. Orrstown Financial Services Inc. now owns 318 shares of the utilities provider’s stock valued at $40,000 after buying an additional 215 shares in the last quarter. Vestor Capital LLC acquired a new position in American Water Works in the 2nd quarter valued at $41,000. Finally, SRS Capital Advisors Inc. acquired a new position in American Water Works in the 2nd quarter valued at $44,000. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO Walter Lynch sold 6,908 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $126.91, for a total value of $876,694.28. Following the completion of the sale, the chief operating officer now owns 113,574 shares of the company’s stock, valued at $14,413,676.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George Mackenzie sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $129.18, for a total value of $1,291,800.00. Following the completion of the sale, the director now directly owns 25,338 shares of the company’s stock, valued at approximately $3,273,162.84. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

AWK has been the subject of a number of recent analyst reports. Bank of America downgraded American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research report on Monday, July 15th. They noted that the move was a valuation call. Janney Montgomery Scott upped their target price on American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a research report on Monday, October 7th. ValuEngine downgraded American Water Works from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co upped their target price on American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Finally, Robert W. Baird upped their target price on American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. American Water Works currently has a consensus rating of “Hold” and a consensus price target of $129.60.

Shares of AWK stock traded down $1.35 on Friday, hitting $116.30. 1,093,243 shares of the company’s stock were exchanged, compared to its average volume of 983,422. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.54 and a quick ratio of 0.51. American Water Works Company Inc has a 12 month low of $85.89 and a 12 month high of $129.89. The stock has a market cap of $21.71 billion, a P/E ratio of 35.24, a price-to-earnings-growth ratio of 4.13 and a beta of 0.06. The company has a 50 day moving average of $122.67 and a 200 day moving average of $118.09.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts predict that American Water Works Company Inc will post 3.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.72%. American Water Works’s payout ratio is presently 60.61%.

American Water Works 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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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

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