Murphy Capital Management Inc. raised its position in American Water Works (NYSE:AWK) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,175 shares of the utilities provider’s stock after buying an additional 50 shares during the period. Murphy Capital Management Inc.’s holdings in American Water Works were worth $1,026,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock worth $1,129,202,000 after buying an additional 13,566,529 shares in the last quarter. Vanguard Group Inc. raised its position in American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock worth $1,378,085,000 after buying an additional 657,026 shares in the last quarter. Cambiar Investors LLC acquired a new position in American Water Works during the first quarter worth approximately $41,992,000. JPMorgan Chase & Co. raised its position in American Water Works by 93.7% in the first quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock worth $66,985,000 after buying an additional 416,651 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in American Water Works during the first quarter worth approximately $28,092,000. 80.72% of the stock is currently owned by institutional investors.
American Water Works (AWK) traded up 0.14% during trading on Friday, reaching $81.44. The company’s stock had a trading volume of 730,332 shares. American Water Works has a 52-week low of $69.41 and a 52-week high of $82.89. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 30.74 and a beta of 0.25. The firm has a 50 day moving average price of $80.19 and a 200-day moving average price of $78.00.
American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $844 million for the quarter, compared to analyst estimates of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. On average, analysts expect that American Water Works will post $3.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s payout ratio is presently 62.64%.
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A number of equities analysts have commented on AWK shares. Robert W. Baird lowered American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $69.41 to $82.00 in a research note on Wednesday, April 26th. Vetr raised American Water Works from a “hold” rating to a “buy” rating and set a $82.36 price target on the stock in a research note on Monday, May 1st. Zacks Investment Research lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Northcoast Research began coverage on American Water Works in a research note on Thursday, May 25th. They set a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. American Water Works has a consensus rating of “Hold” and an average price target of $82.63.
American Water Works Company Profile
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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