D. E. Shaw & Co. Inc. Cuts Stake in American Water Works Company, Inc. (NYSE:AWK)

D. E. Shaw & Co. Inc. reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 30.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 331,846 shares of the utilities provider’s stock after selling 146,685 shares during the period. D. E. Shaw & Co. Inc.’s holdings in American Water Works were worth $49,750,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AWK. Eagle Capital Management LLC boosted its holdings in shares of American Water Works by 1.7% in the 4th quarter. Eagle Capital Management LLC now owns 36,548 shares of the utilities provider’s stock worth $5,609,000 after buying an additional 599 shares during the last quarter. Mattern Capital Management LLC raised its stake in American Water Works by 0.6% in the 4th quarter. Mattern Capital Management LLC now owns 34,981 shares of the utilities provider’s stock valued at $5,369,000 after acquiring an additional 217 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in American Water Works in the 4th quarter valued at about $119,000. Brown Advisory Inc. raised its stake in American Water Works by 23.0% in the 4th quarter. Brown Advisory Inc. now owns 16,214 shares of the utilities provider’s stock valued at $2,488,000 after acquiring an additional 3,032 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in American Water Works by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,992 shares of the utilities provider’s stock valued at $120,320,000 after acquiring an additional 6,152 shares during the period. 81.44% of the stock is currently owned by institutional investors.

In other news, SVP Melanie M. Kennedy sold 661 shares of the business’s stock in a transaction dated Thursday, May 20th. The stock was sold at an average price of $154.55, for a total transaction of $102,157.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

Shares of AWK opened at $163.49 on Thursday. The firm’s 50-day moving average is $158.06. American Water Works Company, Inc. has a twelve month low of $131.01 and a twelve month high of $172.56. The company has a market capitalization of $29.67 billion, a PE ratio of 41.29, a PEG ratio of 4.86 and a beta of 0.22. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.60.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Sunday, May 2nd. The utilities provider reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. American Water Works had a return on equity of 11.09% and a net margin of 18.79%. The company had revenue of $888.00 million during the quarter, compared to analyst estimates of $923.90 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. American Water Works’s revenue was up 5.2% on a year-over-year basis. Equities analysts expect that American Water Works Company, Inc. will post 4.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Tuesday, May 11th were issued a dividend of $0.6025 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, May 10th. This represents a $2.41 annualized dividend and a dividend yield of 1.47%. American Water Works’s payout ratio is presently 61.79%.

A number of equities research analysts recently issued reports on AWK shares. Barclays boosted their price objective on American Water Works from $170.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, July 15th. Argus restated a “hold” rating on shares of American Water Works in a research note on Tuesday, May 18th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $170.00.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 16 states serving approximately 3.5 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, such as schools and universities; 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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