American Water Works (AWK) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its holdings in shares of American Water Works (NYSE:AWK) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,575 shares of the utilities provider’s stock after purchasing an additional 3,989 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.05% of American Water Works worth $7,372,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AWK. Cornerstone Advisors Inc. increased its position in shares of American Water Works by 349.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,045 shares during the last quarter. Parallel Advisors LLC increased its position in shares of American Water Works by 24.7% during the 1st quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 294 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of American Water Works during the 2nd quarter valued at $118,000. Van ECK Associates Corp increased its position in shares of American Water Works by 18.0% during the 1st quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 236 shares during the last quarter. Finally, Peddock Capital Advisors LLC purchased a new stake in shares of American Water Works during the 2nd quarter valued at $131,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

In other American Water Works news, COO Walter Lynch sold 15,169 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $82.00, for a total value of $1,243,858.00. Following the completion of the sale, the chief operating officer now owns 111,171 shares in the company, valued at $9,116,022. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.07). The firm had revenue of $844.00 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 firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS.

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AWK has been the subject of several recent research reports. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a report on Sunday, October 1st. Finally, Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective for the company. in a report on Wednesday, June 14th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $82.86.

American Water Works Company 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.

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

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