Today, Bank of Hawaii Invests $423,000 in American Water Works (AWK)

Today, Bank of Hawaii Invests $423,000 in American Water Works (AWK)
Bank of Hawaii bought a new position in shares of American Water Works (NYSE:AWK) during the third quarter, according to its most recent filing with the SEC. The fund bought 5,655 shares of the company’s stock, valued at approximately $423,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Treasurer State of Michigan boosted its stake in shares of American Water Works by 0.6% in the third quarter. State Treasurer State of Michigan now owns 62,100 shares of the company’s stock worth $4,648,000 after buying an additional 400 shares during the last quarter. Wealthsource Partners LLC boosted its stake in shares of American Water Works by 36.8% in the third quarter. Wealthsource Partners LLC now owns 9,263 shares of the company’s stock worth $693,000 after buying an additional 2,492 shares during the last quarter. Aperio Group LLC boosted its stake in shares of American Water Works by 9.1% in the third quarter. Aperio Group LLC now owns 317,868 shares of the company’s stock worth $23,789,000 after buying an additional 26,502 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of American Water Works by 0.5% in the third quarter. Arizona State Retirement System now owns 62,200 shares of the company’s stock worth $4,655,000 after buying an additional 300 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in shares of American Water Works during the third quarter worth approximately $5,096,000. Hedge funds and other institutional investors own 80.33% of the company’s stock.

Shares of American Water Works (NYSE:AWK) traded up 2.58% during trading on Friday, hitting $74.36. 550,158 shares of the stock were exchanged. American Water Works has a 52-week low of $56.40 and a 52-week high of $85.24. The stock has a market cap of $13.24 billion, a PE ratio of 28.61 and a beta of 0.23. The firm has a 50 day moving average of $71.90 and a 200-day moving average of $76.05.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, November 2nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The company earned $930 million during the quarter, compared to analyst estimates of $944.98 million. American Water Works had a net margin of 14.19% and a return on equity of 9.85%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. Equities research analysts anticipate that American Water Works will post $2.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $1.50 annualized dividend and a yield of 2.02%. American Water Works’s dividend payout ratio (DPR) is 57.47%.

A number of brokerages recently commented on AWK. Vetr upgraded shares of American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 price target on the stock in a research note on Thursday, August 4th. Barclays PLC lowered their target price on shares of American Water Works from $87.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 6th. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America Corp. upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $77.00 to $84.00 in a research note on Wednesday, November 9th. Finally, Robert W. Baird assumed coverage on shares of American Water Works in a research note on Friday, October 14th. They issued an “outperform” rating and a $82.00 target price on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $80.33.

American Water Works Company Profile

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

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