LMR Partners LLP bought a new stake in American Water Works (NYSE:AWK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,362 shares of the utilities provider’s stock, valued at approximately $964,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Advisors Inc. increased its position in shares of American Water Works by 349.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,045 shares in the last quarter. Parallel Advisors LLC increased its position in shares of American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock valued at $115,000 after buying an additional 294 shares in the last quarter. Van ECK Associates Corp increased its position in shares of American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock valued at $120,000 after buying an additional 236 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in shares of American Water Works during the first quarter valued at approximately $121,000. Finally, First National Trust Co. bought a new position in shares of American Water Works during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Shares of American Water Works (AWK) opened at 81.44 on Friday. American Water Works has a 12-month low of $69.41 and a 12-month high of $82.89. The firm has a 50 day moving average price of $80.19 and a 200 day moving average price of $78.00. The stock has a market cap of $14.52 billion, a PE ratio of 30.74 and a beta of 0.25.

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

The firm also recently disclosed 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 is Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is 62.64%.

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Several research analysts have commented on AWK shares. BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Vetr raised American Water Works from a “hold” rating to a “buy” rating and set a $82.36 price target on the stock in a report on Monday, May 1st. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Tuesday, July 11th. Northcoast Research started coverage on American Water Works in a report on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, Robert W. Baird cut American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the company from $69.41 to $82.00 in a report on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $82.63.

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.

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

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