430 Shares in American Water Works Company Inc (NYSE:AWK) Acquired by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP purchased a new position in American Water Works Company Inc (NYSE:AWK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 430 shares of the utilities provider’s stock, valued at approximately $50,000.

Other large investors also recently modified their holdings of the company. Next Capital Management LLC lifted its position 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 buying an additional 140 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of American Water Works during the 2nd quarter worth approximately $38,000. Vestor Capital LLC purchased a new stake in shares of American Water Works during the 2nd quarter worth approximately $41,000. SRS Capital Advisors Inc. purchased a new stake in shares of American Water Works during the 2nd quarter worth approximately $44,000. Finally, CSat Investment Advisory L.P. lifted its position in shares of American Water Works by 149.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 379 shares of the utilities provider’s stock worth $44,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

AWK stock opened at $123.69 on Friday. The company has a fifty day moving average price of $124.33 and a 200 day moving average price of $115.73. American Water Works Company Inc has a 12 month low of $85.89 and a 12 month high of $129.89. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 4.30 and a beta of 0.09. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.56 and a quick ratio of 0.53.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.94 EPS for the quarter, meeting the consensus estimate of $0.94. American Water Works had a net margin of 16.53% and a return on equity of 10.51%. The firm had revenue of $882.00 million during the quarter, compared to the consensus estimate of $907.56 million. During the same quarter in the prior year, the firm earned $0.83 EPS. American Water Works’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts anticipate that American Water Works Company Inc will post 3.6 earnings per share for the current year.

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

In related news, SVP Loyd A. Warnock sold 4,023 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $116.97, for a total value of $470,570.31. Following the completion of the sale, the senior vice president now owns 11,895 shares in the company, valued at approximately $1,391,358.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Walter Lynch sold 6,908 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $126.91, for a total transaction 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 approximately $14,413,676.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,931 shares of company stock valued at $2,639,065. 0.36% of the stock is owned by insiders.

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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