Kalos Management Inc. bought a new position in American Water Works (NYSE:AWK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,586 shares of the utilities provider’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AWK. Fiduciary Trust Co. raised its holdings in shares of American Water Works by 1.0% during the second quarter. Fiduciary Trust Co. now owns 4,852 shares of the utilities provider’s stock valued at $378,000 after buying an additional 50 shares during the last quarter. Atlantic Trust LLC raised its holdings in shares of American Water Works by 2.1% during the second quarter. Atlantic Trust LLC now owns 2,705 shares of the utilities provider’s stock valued at $211,000 after buying an additional 55 shares during the last quarter. Carret Asset Management LLC raised its holdings in shares of American Water Works by 0.8% during the second quarter. Carret Asset Management LLC now owns 6,997 shares of the utilities provider’s stock valued at $545,000 after buying an additional 57 shares during the last quarter. Homrich & Berg raised its holdings in shares of American Water Works by 1.9% during the second quarter. Homrich & Berg now owns 3,800 shares of the utilities provider’s stock valued at $296,000 after buying an additional 72 shares during the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of American Water Works by 0.3% during the second quarter. Utah Retirement Systems now owns 32,695 shares of the utilities provider’s stock valued at $2,548,000 after buying an additional 100 shares during the last quarter. 81.11% of the stock is currently owned by hedge funds and other institutional investors.

In other American Water Works news, insider Deborah A. Degillio sold 822 shares of American Water Works stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the transaction, the insider now owns 3,659 shares in the company, valued at $328,395.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael A. Sgro sold 841 shares of American Water Works stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,856 shares of company stock worth $616,700. 0.34% of the stock is currently owned by company insiders.

American Water Works (NYSE:AWK) opened at $92.25 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The stock has a market cap of $16,324.92, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 4.01 and a beta of 0.27. American Water Works has a 12-month low of $69.96 and a 12-month high of $92.37.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The firm had revenue of $936.00 million for the quarter, compared to analyst estimates of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. equities analysts forecast that American Water Works will post 3.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a $0.415 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 annualized dividend and a yield of 1.80%. American Water Works’s dividend payout ratio (DPR) is 56.27%.

A number of research analysts recently commented on AWK shares. Robert W. Baird reiterated a “hold” rating and set a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. Bank of America started coverage on shares of American Water Works in a research note on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective on the stock. Wells Fargo & Company set a $89.00 price objective on shares of American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $85.63.

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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.

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

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