IFP Advisors Inc increased its stake in American Water Works (NYSE:AWK) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 7,121 shares of the utilities provider’s stock after buying an additional 278 shares during the period. IFP Advisors Inc’s holdings in American Water Works were worth $555,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock valued at $1,378,085,000 after buying an additional 657,026 shares during the period. BlackRock Inc. boosted its stake in American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock valued at $1,129,202,000 after buying an additional 13,566,529 shares during the period. Bessemer Group Inc. boosted its stake in American Water Works by 0.5% in the second quarter. Bessemer Group Inc. now owns 1,935,574 shares of the utilities provider’s stock valued at $150,879,000 after buying an additional 9,699 shares during the period. Geode Capital Management LLC boosted its stake in American Water Works by 8.3% in the first quarter. Geode Capital Management LLC now owns 1,757,631 shares of the utilities provider’s stock valued at $136,500,000 after buying an additional 134,282 shares during the period. Finally, Impax Asset Management LTD boosted its stake in American Water Works by 16.9% in the first quarter. Impax Asset Management LTD now owns 1,564,202 shares of the utilities provider’s stock valued at $121,648,000 after buying an additional 225,756 shares during the period. Institutional investors and hedge funds own 81.08% of the company’s stock.

American Water Works (NYSE:AWK) opened at 80.72 on Friday. The stock has a 50 day moving average price of $79.99 and a 200-day moving average price of $77.66. The stock has a market cap of $14.39 billion, a PE ratio of 30.47 and a beta of 0.25. 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 announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $844 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 firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. On average, analysts expect that American Water Works will post $3.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is presently 62.64%.

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Several equities research analysts have recently commented on AWK shares. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Robert W. Baird cut American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. Northcoast Research began coverage on American Water Works in a research report on Thursday, May 25th. They issued a “neutral” rating for the company. Finally, Vetr cut 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. American Water Works has an average rating of “Hold” and an average price target of $82.63.

In other news, SVP Loyd A. Warnock sold 1,263 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $75.21, for a total transaction of $94,990.23. Following the sale, the senior vice president now directly owns 7,055 shares of the company’s stock, valued at $530,606.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Loyd A. Warnock sold 2,236 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $75.73, for a total value of $169,332.28. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

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.

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

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