BTC Capital Management Inc. raised its position in shares of American Water Works (NYSE:AWK) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 84,812 shares of the utilities provider’s stock after buying an additional 106 shares during the period. American Water Works makes up approximately 1.2% of BTC Capital Management Inc.’s portfolio, making the stock its 20th largest position. BTC Capital Management Inc.’s holdings in American Water Works were worth $6,614,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AWK. Chevy Chase Trust Holdings Inc. boosted its position in American Water Works by 4.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,761 shares of the utilities provider’s stock worth $12,113,000 after buying an additional 6,216 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in American Water Works by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 57,882 shares of the utilities provider’s stock worth $4,501,000 after buying an additional 900 shares in the last quarter. National Pension Service boosted its position in American Water Works by 3.2% in the first quarter. National Pension Service now owns 157,938 shares of the utilities provider’s stock worth $12,161,000 after buying an additional 4,907 shares in the last quarter. Pennsylvania Trust Co boosted its position in American Water Works by 4.6% in the first quarter. Pennsylvania Trust Co now owns 9,101 shares of the utilities provider’s stock worth $708,000 after buying an additional 400 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in American Water Works by 1.3% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 15,942 shares of the utilities provider’s stock worth $1,240,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.

Shares of American Water Works (NYSE:AWK) opened at 81.36 on Friday. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 30.71 and a beta of 0.25. The firm has a 50-day moving average price of $80.00 and a 200-day moving average price of $77.60. American Water Works has a 12 month low of $69.41 and a 12 month high of $82.89.

American Water Works (NYSE:AWK) last issued its 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 business had revenue of $844 million during the quarter, compared to analysts’ expectations of $869.52 million. During the same period in the prior year, the business posted $0.77 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts expect that American Water Works will post $3.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s dividend payout ratio is presently 62.64%.

TRADEMARK VIOLATION NOTICE: “American Water Works (NYSE:AWK) Position Raised by BTC Capital Management Inc.” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/american-water-works-nyseawk-position-raised-by-btc-capital-management-inc/1474813.html.

AWK has been the topic of a number of recent analyst reports. Zacks Investment Research cut American Water Works from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Robert W. Baird lowered American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $69.41 to $82.00 in a research report on Wednesday, April 26th. Vetr raised American Water Works from a “hold” rating to a “buy” rating and set a $82.36 target price on the stock in a research report on Monday, May 1st. Northcoast Research assumed coverage on American Water Works in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. American Water Works presently has an average rating of “Hold” and a consensus price target of $82.63.

In other news, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total value of $94,990.23. Following the transaction, the senior vice president now owns 7,055 shares of the company’s stock, valued at approximately $530,606.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

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.

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works (NYSE:AWK).

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.