Fenimore Asset Management Inc. Buys New Position in American Water Works Company Inc (NYSE:AWK)

Fenimore Asset Management Inc. bought a new position in American Water Works Company Inc (NYSE:AWK) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,766 shares of the utilities provider’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CWM Advisors LLC lifted its stake in American Water Works by 15.9% in the 2nd quarter. CWM Advisors LLC now owns 4,091 shares of the utilities provider’s stock worth $475,000 after purchasing an additional 560 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of American Water Works by 13.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 13,555 shares of the utilities provider’s stock worth $1,572,000 after buying an additional 1,594 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of American Water Works by 31.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 47,311 shares of the utilities provider’s stock worth $5,488,000 after buying an additional 11,312 shares during the last quarter. OLD National Bancorp IN bought a new position in shares of American Water Works in the 2nd quarter worth $233,000. Finally, Unigestion Holding SA increased its holdings in shares of American Water Works by 70.2% in the 2nd quarter. Unigestion Holding SA now owns 321,510 shares of the utilities provider’s stock worth $37,295,000 after buying an additional 132,607 shares during the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.

In other American Water Works news, SVP Loyd A. Warnock sold 4,023 shares of the 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 owns 11,895 shares of the company’s stock, valued at approximately $1,391,358.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan N. Story sold 28,457 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $113.84, for a total transaction of $3,239,544.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,852 shares of company stock worth $4,090,814. 0.36% of the stock is owned by insiders.

AWK stock opened at $124.50 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.56. American Water Works Company Inc has a 52 week low of $85.88 and a 52 week high of $124.87. The firm’s fifty day moving average is $117.13 and its 200 day moving average is $109.28. The firm has a market cap of $22.01 billion, a P/E ratio of 37.73, a P/E/G ratio of 4.19 and a beta of 0.17.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.94 EPS for the quarter, meeting 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 company had revenue of $882.00 million for the quarter, compared to analyst estimates of $907.56 million. During the same quarter last year, the firm earned $0.83 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts forecast that American Water Works Company Inc will post 3.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, August 8th. American Water Works’s dividend payout ratio is currently 60.61%.

A number of equities analysts have recently commented on the stock. Janney Montgomery Scott reissued a “buy” rating and issued a $121.00 price target (up previously from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Bank of America lowered shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Monday, July 15th. They noted that the move was a valuation call. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Thursday, May 16th. Wells Fargo & Co increased 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. Finally, Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. American Water Works presently has a consensus rating of “Buy” and a consensus price target of $114.67.

About American Water Works

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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