Wetherby Asset Management Inc. increased its position in shares of American Water Works (NYSE:AWK) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 8,041 shares of the utilities provider’s stock after buying an additional 548 shares during the period. Wetherby Asset Management Inc.’s holdings in American Water Works were worth $627,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AWK. Chevy Chase Trust Holdings Inc. increased its position in American Water Works by 4.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,761 shares of the utilities provider’s stock worth $12,113,000 after buying an additional 6,216 shares in the last quarter. Gulf International Bank UK Ltd increased its position in American Water Works by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 57,882 shares of the utilities provider’s stock worth $4,501,000 after buying an additional 900 shares in the last quarter. National Pension Service increased its position in American Water Works by 3.2% in the first quarter. National Pension Service now owns 157,938 shares of the utilities provider’s stock worth $12,161,000 after buying an additional 4,907 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in American Water Works by 1.3% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 15,942 shares of the utilities provider’s stock worth $1,240,000 after buying an additional 200 shares in the last quarter. Finally, National Investment Services Inc. WI bought a new position in American Water Works during the first quarter worth $1,999,000. Hedge funds and other institutional investors own 81.08% of the company’s stock.

American Water Works (NYSE AWK) opened at 80.72 on Friday. The stock’s 50 day moving average price is $79.99 and its 200 day moving average price is $77.66. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89. The company has a market capitalization of $14.39 billion, a P/E ratio of 30.47 and a beta of 0.25.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.07. The business had revenue of $844 million for the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. Analysts anticipate that American Water Works will post $3.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 is Monday, August 7th. American Water Works’s payout ratio is 62.64%.

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AWK has been the subject of a number of analyst reports. Zacks Investment Research downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Robert W. Baird downgraded 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 research note on Wednesday, April 26th. Vetr upgraded American Water Works from a “hold” rating to a “buy” rating and set a $82.36 price target for the company in a research note on Monday, May 1st. Northcoast Research initiated coverage on American Water Works in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. Finally, BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $82.63.

In related news, SVP Loyd A. Warnock sold 1,263 shares of the stock in a transaction that occurred 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

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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