Westwood Holdings Group Inc. continued to hold its stake in American Water Works (NYSE:AWK) during the first quarter, Holdings Channel reports. The institutional investor owned 17,057 shares of the utilities provider’s stock at the end of the first quarter. Westwood Holdings Group Inc.’s holdings in American Water Works were worth $1,327,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC boosted its stake in American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock valued at $115,000 after buying an additional 294 shares during the last quarter. Van ECK Associates Corp boosted its stake in American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock valued at $120,000 after buying an additional 236 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in American Water Works during the first quarter valued at about $121,000. Seven Eight Capital LP acquired a new stake in American Water Works during the fourth quarter valued at about $137,000. Finally, Capital Guardian Trust Co. boosted its stake in American Water Works by 360.0% in the fourth quarter. Capital Guardian Trust Co. now owns 2,300 shares of the utilities provider’s stock valued at $166,000 after buying an additional 1,800 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors.
Shares of American Water Works (NYSE:AWK) traded down 0.74% during mid-day trading on Tuesday, reaching $80.61. 124,004 shares of the company’s stock traded hands. American Water Works has a 12-month low of $69.41 and a 12-month high of $85.24. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 30.08 and a beta of 0.23. The stock has a 50-day moving average price of $78.00 and a 200 day moving average price of $75.73.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, May 3rd. The utilities provider reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. The business had revenue of $756 million for the quarter, compared to the consensus estimate of $759.54 million. American Water Works had a net margin of 14.45% and a return on equity of 9.92%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Analysts anticipate that American Water Works will post $3.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 5th were paid a dividend of $0.415 per share. The ex-dividend date was Wednesday, May 3rd. This is an increase from American Water Works’s previous quarterly dividend of $0.38. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.04%. American Water Works’s dividend payout ratio (DPR) is currently 61.71%.
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Several research firms recently issued reports on AWK. Vetr cut American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. in a research note on Wednesday, June 14th. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Northcoast Research began coverage on American Water Works in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, March 15th. Finally, HSBC Holdings plc cut American Water Works from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research note on Wednesday, March 15th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $82.13.
In other news, SVP Loyd A. Warnock sold 1,263 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total transaction of $94,990.23. Following the transaction, the senior vice president now directly owns 7,055 shares in the company, valued at $530,606.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.
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.
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