SG Americas Securities LLC increased its holdings in American Water Works Company Inc (NYSE:AWK) by 85.5% during the second quarter, Holdings Channel reports. The institutional investor owned 56,083 shares of the utilities provider’s stock after acquiring an additional 25,845 shares during the quarter. SG Americas Securities LLC’s holdings in American Water Works were worth $4,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AWK. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in American Water Works by 30.0% during the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 49,800 shares of the utilities provider’s stock valued at $4,251,000 after purchasing an additional 11,500 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in American Water Works by 6.3% during the first quarter. Allianz Asset Management GmbH now owns 843,738 shares of the utilities provider’s stock valued at $69,296,000 after purchasing an additional 50,168 shares in the last quarter. Impax Asset Management LLC lifted its holdings in American Water Works by 31.8% during the first quarter. Impax Asset Management LLC now owns 52,843 shares of the utilities provider’s stock valued at $4,340,000 after purchasing an additional 12,757 shares in the last quarter. Advisor Partners LLC lifted its holdings in American Water Works by 20.6% during the second quarter. Advisor Partners LLC now owns 4,860 shares of the utilities provider’s stock valued at $415,000 after purchasing an additional 831 shares in the last quarter. Finally, Signition LP purchased a new position in American Water Works during the first quarter valued at approximately $589,000. 83.87% of the stock is currently owned by institutional investors.

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

Several brokerages have weighed in on AWK. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Monday, July 23rd. ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Boenning Scattergood reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, June 28th. Finally, Argus reaffirmed a “buy” rating and set a $105.00 price target on shares of American Water Works in a report on Tuesday, May 8th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $89.79.

American Water Works stock opened at $89.49 on Monday. The company 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 current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 1.11. American Water Works Company Inc has a 1 year low of $76.04 and a 1 year high of $92.37.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 10th will be given 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 payout ratio is currently 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.

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

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