Westpac Banking Corp cut its position in American Water Works Company Inc (NYSE:AWK) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 158,245 shares of the utilities provider’s stock after selling 944 shares during the quarter. Westpac Banking Corp’s holdings in American Water Works were worth $18,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its position in shares of American Water Works by 18.1% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 19,399 shares of the utilities provider’s stock valued at $2,249,000 after buying an additional 2,978 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of American Water Works during the 2nd quarter valued at $249,000. CWM LLC raised its position in shares of American Water Works by 14.8% during the 2nd quarter. CWM LLC now owns 8,680 shares of the utilities provider’s stock valued at $1,007,000 after buying an additional 1,118 shares in the last quarter. Davis R M Inc. raised its position in shares of American Water Works by 0.8% during the 2nd quarter. Davis R M Inc. now owns 456,143 shares of the utilities provider’s stock valued at $52,913,000 after buying an additional 3,514 shares in the last quarter. Finally, Atlantic Trust LLC raised its position in shares of American Water Works by 2.0% during the 2nd quarter. Atlantic Trust LLC now owns 28,759 shares of the utilities provider’s stock valued at $3,336,000 after buying an additional 555 shares in the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.

Shares of AWK stock traded down $0.35 on Tuesday, hitting $122.16. 36,737 shares of the company’s stock traded hands, compared to its average volume of 940,230. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.43. American Water Works Company Inc has a one year low of $85.88 and a one year high of $121.30. The firm’s fifty day moving average is $116.81. The stock has a market cap of $22.13 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 4.15 and a beta of 0.17.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.94 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.94. American Water Works had a net margin of 16.53% and a return on equity of 10.51%. The company had revenue of $882.00 million for the quarter, compared to analyst estimates of $907.56 million. During the same quarter last year, the firm earned $0.83 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that American Water Works Company Inc will post 3.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, August 8th. American Water Works’s dividend payout ratio is currently 60.61%.

In related news, SVP Loyd A. Warnock sold 4,023 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $116.97, for a total transaction of $470,570.31. Following the transaction, the senior vice president now owns 11,895 shares of the company’s stock, valued at approximately $1,391,358.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Loyd A. Warnock sold 9,502 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $111.04, for a total transaction of $1,055,102.08. Following the transaction, the senior vice president now directly owns 18,314 shares in the company, valued at approximately $2,033,586.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,579 shares of company stock worth $7,948,205. 0.36% of the stock is owned by insiders.

Several analysts have recently weighed in on the stock. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research report on Thursday, May 2nd. Wells Fargo & Co restated a “hold” rating on shares of American Water Works in a research report on Monday, June 10th. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research report on Thursday, May 16th. Janney Montgomery Scott restated a “buy” rating and set a $121.00 price objective (up previously from $102.00) on shares of American Water Works in a research report on Thursday, May 2nd. Finally, Bank of America cut shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a research report on Monday, July 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $111.83.

American Water Works Company 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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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

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