WFG Advisors LP increased its holdings in American Water Works (NYSE:AWK) by 11.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,571 shares of the utilities provider’s stock after acquiring an additional 265 shares during the period. WFG Advisors LP’s holdings in American Water Works were worth $200,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in American Water Works by 2.6% in the second quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock worth $1,417,580,000 after acquiring an additional 465,748 shares during the period. BlackRock Inc. grew its position in American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock worth $1,129,202,000 after acquiring an additional 13,566,529 shares during the period. Pictet Asset Management Ltd. grew its position in American Water Works by 3.2% in the second quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock worth $313,105,000 after acquiring an additional 125,587 shares during the period. Franklin Resources Inc. grew its position in American Water Works by 0.5% in the second quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock worth $208,915,000 after acquiring an additional 12,280 shares during the period. Finally, Wells Fargo & Company MN grew its position in American Water Works by 11.0% in the second quarter. Wells Fargo & Company MN now owns 2,532,449 shares of the utilities provider’s stock worth $197,405,000 after acquiring an additional 251,271 shares during the period. Institutional investors own 79.63% of the company’s stock.

American Water Works (NYSE:AWK) traded up 0.45% on Thursday, hitting $86.61. The stock had a trading volume of 68,426 shares. American Water Works has a one year low of $69.41 and a one year high of $86.95. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 32.70 and a beta of 0.25. The company’s 50-day moving average price is $82.52 and its 200 day moving average price is $80.16.

American Water Works (NYSE:AWK) last announced its quarterly earnings results 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). American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $869.52 million. During the same period last year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that American Water Works will post $3.00 earnings per share for the current year.

In related news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the sale, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on AWK shares. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the stock a “hold” rating in a research report on Thursday. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird reiterated a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a research report on Sunday, October 1st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $83.63.

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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.

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

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