Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of American Water Works Company Inc (NYSE:AWK) in the second quarter, Holdings Channel reports. The fund purchased 18,638 shares of the utilities provider’s stock, valued at approximately $1,591,000.

A number of other hedge funds have also made changes to their positions in AWK. Wells Fargo & Company MN lifted its holdings in shares of American Water Works by 19.1% in the second quarter. Wells Fargo & Company MN now owns 3,663,972 shares of the utilities provider’s stock valued at $312,830,000 after buying an additional 586,729 shares during the period. Bessemer Group Inc. lifted its holdings in shares of American Water Works by 35.7% in the second quarter. Bessemer Group Inc. now owns 3,037,757 shares of the utilities provider’s stock valued at $259,363,000 after buying an additional 798,684 shares during the period. Royal Bank of Canada lifted its holdings in shares of American Water Works by 1.3% in the first quarter. Royal Bank of Canada now owns 1,999,120 shares of the utilities provider’s stock valued at $164,187,000 after buying an additional 25,434 shares during the period. Legal & General Group Plc lifted its holdings in shares of American Water Works by 5.4% in the first quarter. Legal & General Group Plc now owns 1,721,985 shares of the utilities provider’s stock valued at $141,430,000 after buying an additional 88,082 shares during the period. Finally, Magellan Asset Management Ltd lifted its holdings in shares of American Water Works by 140.4% in the first quarter. Magellan Asset Management Ltd now owns 1,234,081 shares of the utilities provider’s stock valued at $101,355,000 after buying an additional 720,775 shares during the period. Institutional investors own 83.87% of the company’s stock.

In other news, SVP Loyd A. Warnock sold 2,870 shares of the company’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $81.45, for a total transaction of $233,761.50. Following the completion of the sale, the senior vice president now directly owns 14,410 shares of the company’s stock, valued at $1,173,694.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Melanie M. Kennedy sold 1,114 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $88.78, for a total value of $98,900.92. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

AWK has been the subject of several research analyst reports. Zacks Investment Research lowered American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Boenning Scattergood restated a “neutral” rating on shares of American Water Works in a report on Thursday, June 28th. ValuEngine lowered American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Finally, Argus restated a “buy” rating and issued a $105.00 price objective on shares of American Water Works in a report on Tuesday, May 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. American Water Works presently has a consensus rating of “Buy” and a consensus target price of $89.79.

Shares of NYSE AWK opened at $89.49 on Friday. American Water Works Company Inc has a 12 month low of $76.04 and a 12 month high of $92.37. The firm has a market cap of $15.82 billion, a PE ratio of 29.53, a P/E/G ratio of 3.43 and a beta of 0.16. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.28 and a quick ratio of 0.27.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, August 1st. The utilities provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. American Water Works had a return on equity of 10.32% and a net margin of 13.94%. The business had revenue of $853.00 million during the quarter, compared to the consensus estimate of $866.02 million. During the same period in the prior year, the business posted $0.73 earnings per share. American Water Works’s revenue was up 1.1% compared to the same quarter last year. research analysts anticipate that American Water Works Company Inc will post 3.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 10th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, August 9th. American Water Works’s dividend payout ratio is 60.07%.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

Featured Article: Growth Stocks, What They Are, What They Are Not

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 Company Inc (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 MarketBeat.com's FREE daily email newsletter.