BNP Paribas Arbitrage SA grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 18.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,827 shares of the utilities provider’s stock after purchasing an additional 45,260 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.16% of American Water Works worth $44,671,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in American Water Works by 6.2% in the first quarter. BlackRock Inc. now owns 15,674,504 shares of the utilities provider’s stock worth $2,349,922,000 after purchasing an additional 911,406 shares during the last quarter. Impax Asset Management Group plc raised its stake in American Water Works by 4.0% in the second quarter. Impax Asset Management Group plc now owns 5,580,336 shares of the utilities provider’s stock valued at $858,849,000 after buying an additional 215,436 shares during the last quarter. Northern Trust Corp raised its stake in shares of American Water Works by 1.3% in the first quarter. Northern Trust Corp now owns 3,282,433 shares of the utilities provider’s stock worth $492,102,000 after purchasing an additional 43,708 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of American Water Works by 2.0% in the first quarter. Geode Capital Management LLC now owns 3,226,307 shares of the utilities provider’s stock worth $482,445,000 after purchasing an additional 62,929 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in American Water Works by 11.3% during the second quarter. Alliancebernstein L.P. now owns 1,534,836 shares of the utilities provider’s stock worth $236,564,000 after acquiring an additional 155,893 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.
Several equities analysts have recently commented on the company. Barclays upped their price target 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 raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Friday, August 6th. Janney Montgomery Scott cut shares of American Water Works from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $159.00 to $181.00 in a report on Wednesday, August 4th. US Capital Advisors cut shares of American Water Works from an “overweight” rating to a “hold” rating in a report on Friday, August 13th. Finally, HSBC cut shares of American Water Works from a “buy” rating to a “hold” rating and lifted their target price for the company from $181.00 to $190.00 in a report on Wednesday, September 1st. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $182.00.
American Water Works (NYSE:AWK) last announced its earnings results on Sunday, August 1st. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. American Water Works had a net margin of 19.26% and a return on equity of 11.42%. The firm had revenue of $999.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $0.97 earnings per share. American Water Works’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that American Water Works Company, Inc. will post 4.24 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Tuesday, August 10th were issued a $0.603 dividend. This represents a $2.41 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Monday, August 9th. This is a positive change from American Water Works’s previous quarterly dividend of $0.60. American Water Works’s dividend payout ratio (DPR) is 61.79%.
About American Water Works
American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.
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