Aberdeen Asset Management PLC UK lifted its position in shares of American Water Works (NYSE:AWK) by 26.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,283 shares of the utilities provider’s stock after buying an additional 11,612 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in American Water Works were worth $4,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss National Bank increased its position in shares of American Water Works by 3.1% during the second quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock worth $54,715,000 after buying an additional 21,000 shares during the period. Scout Investments Inc. increased its position in shares of American Water Works by 5.7% during the second quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock worth $40,561,000 after buying an additional 28,279 shares during the period. Mason Street Advisors LLC increased its position in shares of American Water Works by 1.1% during the first quarter. Mason Street Advisors LLC now owns 24,628 shares of the utilities provider’s stock worth $1,915,000 after buying an additional 278 shares during the period. Bank of Nova Scotia increased its position in shares of American Water Works by 943.7% during the first quarter. Bank of Nova Scotia now owns 40,810 shares of the utilities provider’s stock worth $3,173,000 after buying an additional 36,900 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of American Water Works by 1.3% during the second quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock worth $20,039,000 after buying an additional 3,368 shares during the period. Institutional investors own 79.93% of the company’s stock.

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

Shares of American Water Works (NYSE AWK) opened at 82.68 on Friday. The firm has a 50-day moving average of $81.51 and a 200-day moving average of $79.10. American Water Works has a 12-month low of $69.41 and a 12-month high of $83.06. The firm has a market capitalization of $14.74 billion, a PE ratio of 31.21 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $869.52 million. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that American Water Works will post $3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 9th were issued a dividend of $0.415 per share. The ex-dividend date was Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a yield of 2.01%. American Water Works’s dividend payout ratio is currently 62.64%.

COPYRIGHT VIOLATION NOTICE: “American Water Works (AWK) Stake Raised by Aberdeen Asset Management PLC UK” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.watchlistnews.com/american-water-works-awk-stake-raised-by-aberdeen-asset-management-plc-uk/1568547.html.

AWK has been the subject of several recent analyst reports. Northcoast Research initiated coverage on shares of American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating for the company. BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, 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. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $82.86.

About American Water Works

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)

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with Analyst Ratings Network's FREE daily email newsletter.