Sei Investments Co. Purchases 291,315 Shares of American Water Works Company, Inc. (NYSE:AWK)

Sei Investments Co. lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 201.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 435,604 shares of the utilities provider’s stock after buying an additional 291,315 shares during the period. Sei Investments Co. owned about 0.22% of American Water Works worth $56,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AWK. Assetmark Inc. grew its holdings in shares of American Water Works by 29.4% during the 4th quarter. Assetmark Inc. now owns 766 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 174 shares during the last quarter. US Bancorp DE increased its holdings in shares of American Water Works by 12.8% in the fourth quarter. US Bancorp DE now owns 57,039 shares of the utilities provider’s stock worth $7,529,000 after buying an additional 6,485 shares during the period. Commerce Bank lifted its stake in shares of American Water Works by 4.9% in the 4th quarter. Commerce Bank now owns 21,244 shares of the utilities provider’s stock valued at $2,804,000 after acquiring an additional 984 shares during the last quarter. FineMark National Bank & Trust boosted its holdings in American Water Works by 5.4% during the 4th quarter. FineMark National Bank & Trust now owns 2,503 shares of the utilities provider’s stock valued at $330,000 after acquiring an additional 128 shares during the period. Finally, SageView Advisory Group LLC boosted its holdings in American Water Works by 38.4% during the 4th quarter. SageView Advisory Group LLC now owns 7,914 shares of the utilities provider’s stock valued at $985,000 after acquiring an additional 2,194 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.

American Water Works Stock Performance

American Water Works stock opened at $147.23 on Monday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $28.68 billion, a P/E ratio of 29.86, a PEG ratio of 3.49 and a beta of 0.69. The stock’s 50 day moving average is $143.28 and its 200 day moving average is $131.85.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business posted $1.44 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.765 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.08%. American Water Works’s payout ratio is 62.07%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Bank of America restated an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research report on Friday. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $140.29.

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 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including 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.