Gratus Capital LLC held its position in shares of American Water Works (NYSE:AWK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,500 shares of the utilities provider’s stock at the end of the second quarter. Gratus Capital LLC’s holdings in American Water Works were worth $507,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AWK. Nisa Investment Advisors LLC raised its position in shares of American Water Works by 7.4% in the first quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the utilities provider’s stock worth $902,000 after buying an additional 800 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of American Water Works by 12.5% in the first quarter. Nationwide Fund Advisors now owns 54,767 shares of the utilities provider’s stock worth $4,259,000 after buying an additional 6,071 shares during the last quarter. ProShare Advisors LLC raised its position in shares of American Water Works by 1.0% in the first quarter. ProShare Advisors LLC now owns 42,437 shares of the utilities provider’s stock worth $3,300,000 after buying an additional 414 shares during the last quarter. Perennial Advisors LLC raised its position in shares of American Water Works by 2.1% in the first quarter. Perennial Advisors LLC now owns 23,830 shares of the utilities provider’s stock worth $1,853,000 after buying an additional 479 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of American Water Works by 2.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 39,767 shares of the utilities provider’s stock worth $3,092,000 after buying an additional 1,137 shares during the last quarter. 79.96% of the stock is owned by hedge funds and other institutional investors.

Shares of American Water Works (AWK) opened at 80.85 on Thursday. The company has a market capitalization of $14.41 billion, a PE ratio of 30.52 and a beta of 0.25. American Water Works has a one year low of $69.41 and a one year high of $82.89. The stock has a 50 day moving average of $80.69 and a 200-day moving average of $78.34.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.07. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The business had revenue of $844 million during the quarter, compared to the consensus estimate of $869.52 million. During the same quarter in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that American Water Works will post $3.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, August 7th. American Water Works’s payout ratio is 62.64%.

TRADEMARK VIOLATION WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/gratus-capital-llc-has-507000-stake-in-american-water-works-awk/1534052.html.

A number of equities analysts have recently commented on AWK shares. Northcoast Research started coverage on shares of American Water Works in a research note on Thursday, May 25th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Vetr downgraded 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 note on Wednesday, June 14th. Finally, BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $82.63.

In other American Water Works news, COO Walter Lynch sold 3,335 shares of American Water Works 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 transaction, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by insiders.

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.