Employees Retirement System of Texas cut its stake in shares of American Water Works (NYSE:AWK) by 21.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 65,000 shares of the utilities provider’s stock after selling 18,000 shares during the period. Employees Retirement System of Texas’ holdings in American Water Works were worth $5,067,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AWK. Cornerstone Advisors Inc. raised its position in American Water Works by 349.5% during the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 1,045 shares during the period. Parallel Advisors LLC raised its position in American Water Works by 24.7% during the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 294 shares during the period. Pinebridge Investments L.P. acquired a new position in American Water Works during the second quarter worth $118,000. Van ECK Associates Corp raised its position in American Water Works by 18.0% during the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 236 shares during the period. Finally, Peddock Capital Advisors LLC acquired a new position in American Water Works during the second quarter worth $131,000. Institutional investors own 79.77% of the company’s stock.

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In other news, COO Walter Lynch sold 3,335 shares of American Water Works stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.34% of the company’s stock.

A number of research firms have weighed in on AWK. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective for the company. in a research report on Wednesday, June 14th. Finally, Robert W. Baird restated a “hold” rating and set a $82.00 price objective on shares of American Water Works in a research report on Sunday, October 1st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $82.86.

Shares of American Water Works (NYSE:AWK) opened at 82.91 on Friday. The stock has a 50 day moving average of $81.77 and a 200-day moving average of $79.63. American Water Works has a 12 month low of $69.41 and a 12 month high of $83.14. The firm has a market capitalization of $14.78 billion, a PE ratio of 31.65 and a beta of 0.25.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.07). The firm had revenue of $844.00 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. On average, equities research analysts anticipate that American Water Works will post $3.00 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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