Wealthfront Advisers LLC Raises Stock Position in American Water Works Company Inc (NYSE:AWK)

Wealthfront Advisers LLC lifted its stake in shares of American Water Works Company Inc (NYSE:AWK) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,805 shares of the utilities provider’s stock after acquiring an additional 2,538 shares during the quarter. Wealthfront Advisers LLC’s holdings in American Water Works were worth $1,839,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AWK. First Personal Financial Services increased its holdings in American Water Works by 4.6% during the third quarter. First Personal Financial Services now owns 60,791 shares of the utilities provider’s stock valued at $7,552,000 after buying an additional 2,690 shares during the period. Three Peaks Capital Management LLC purchased a new position in American Water Works during the third quarter valued at approximately $2,478,000. Patten & Patten Inc. TN increased its holdings in American Water Works by 77.8% during the third quarter. Patten & Patten Inc. TN now owns 37,310 shares of the utilities provider’s stock valued at $4,635,000 after buying an additional 16,330 shares during the period. Fox Run Management L.L.C. increased its holdings in American Water Works by 16.9% during the third quarter. Fox Run Management L.L.C. now owns 3,661 shares of the utilities provider’s stock valued at $455,000 after buying an additional 528 shares during the period. Finally, PFG Advisors increased its holdings in American Water Works by 3.1% during the third quarter. PFG Advisors now owns 4,948 shares of the utilities provider’s stock valued at $618,000 after buying an additional 150 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Loyd A. Warnock sold 4,023 shares of American Water Works stock in a transaction on Monday, August 5th. The shares were sold at an average price of $116.97, for a total transaction of $470,570.31. Following the completion of the sale, the senior vice president now directly owns 11,895 shares in the company, valued at $1,391,358.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Mackenzie sold 10,000 shares of American Water Works stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total transaction of $1,291,800.00. Following the sale, the director now owns 25,338 shares of the company’s stock, valued at $3,273,162.84. The disclosure for this sale can be found here. Insiders sold 20,931 shares of company stock worth $2,639,065 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

NYSE AWK opened at $121.63 on Thursday. The firm’s fifty day simple moving average is $124.18 and its two-hundred day simple moving average is $116.13. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43. American Water Works Company Inc has a 12-month low of $85.89 and a 12-month high of $129.89. The firm has a market capitalization of $21.99 billion, a P/E ratio of 36.86, a P/E/G ratio of 4.19 and a beta of 0.09.

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

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

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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