Private Advisor Group LLC Has $1.29 Million Position in American Water Works (AWK)

Private Advisor Group LLC trimmed its stake in shares of American Water Works (NYSE:AWK) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,563 shares of the utilities provider’s stock after selling 559 shares during the period. Private Advisor Group LLC’s holdings in American Water Works were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Polaris Greystone Financial Group LLC grew its holdings in American Water Works by 10.8% during the second quarter. Polaris Greystone Financial Group LLC now owns 19,112 shares of the utilities provider’s stock worth $1,490,000 after acquiring an additional 1,861 shares during the period. Fiduciary Trust Co. grew its holdings in American Water Works by 1.0% during the second quarter. Fiduciary Trust Co. now owns 4,852 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 50 shares during the period. Ffcm LLC grew its holdings in American Water Works by 6.4% during the second quarter. Ffcm LLC now owns 5,094 shares of the utilities provider’s stock worth $397,000 after acquiring an additional 306 shares during the period. Atlantic Trust Group LLC grew its holdings in American Water Works by 11.7% during the second quarter. Atlantic Trust Group LLC now owns 11,234 shares of the utilities provider’s stock worth $875,000 after acquiring an additional 1,175 shares during the period. Finally, Bradley Foster & Sargent Inc. CT grew its holdings in American Water Works by 1.7% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 9,845 shares of the utilities provider’s stock worth $767,000 after acquiring an additional 165 shares during the period. 79.93% of the stock is currently owned by hedge funds and other institutional investors.

In other American Water Works news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the transaction, the chief operating officer now owns 94,702 shares in the company, valued at approximately $7,770,299.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Shares of American Water Works (AWK) opened at 81.96 on Friday. American Water Works has a one year low of $69.41 and a one year high of $82.89. The firm has a 50-day moving average price of $81.36 and a 200 day moving average price of $78.86. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of 30.94 and a beta of 0.25.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 million for the quarter, compared to analyst estimates of $869.52 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that American Water Works will post $3.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 9th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.03%. The ex-dividend date was Monday, August 7th. American Water Works’s payout ratio is 62.64%.

Several research firms recently commented on AWK. Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. in a report on Wednesday, June 14th. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, July 11th. Finally, Northcoast Research began coverage on American Water Works in a report on Thursday, May 25th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $82.86.

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American Water Works Profile

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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