Public Employees Retirement Association of Colorado decreased its position in shares of American Water Works (NYSE:AWK) by 29.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 379,212 shares of the company’s stock after selling 160,244 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.21% of American Water Works worth $32,047,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AWK. Prudential Financial Inc. raised its stake in American Water Works by 154.1% in the first quarter. Prudential Financial Inc. now owns 338,523 shares of the company’s stock worth $23,335,000 after buying an additional 205,300 shares during the last quarter. BlackRock Fund Advisors raised its stake in American Water Works by 55.3% in the first quarter. BlackRock Fund Advisors now owns 3,539,542 shares of the company’s stock worth $243,981,000 after buying an additional 1,260,404 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in American Water Works by 5.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,581,237 shares of the company’s stock worth $453,645,000 after buying an additional 359,291 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in American Water Works during the first quarter worth about $919,000. Finally, JPMorgan Chase & Co. raised its stake in American Water Works by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 1,098,580 shares of the company’s stock worth $75,724,000 after buying an additional 52,242 shares during the last quarter. Institutional investors own 82.62% of the company’s stock.

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

American Water Works (NYSE:AWK) traded up 1.13% during trading on Monday, reaching $71.44. 558,123 shares of the company’s stock traded hands. The firm has a market cap of $12.71 billion, a PE ratio of 26.05 and a beta of 0.17. The firm has a 50 day moving average price of $74.72 and a 200-day moving average price of $75.71. American Water Works has a 12 month low of $55.13 and a 12 month high of $85.24.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, August 3rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. American Water Works had a net margin of 15.14% and a return on equity of 9.62%. The firm earned $827 million during the quarter, compared to analyst estimates of $832.47 million. During the same quarter in the previous year, the business earned $0.68 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts forecast that American Water Works will post $2.83 earnings per share for the current fiscal year.

AWK has been the subject of a number of research analyst reports. Vetr upgraded American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 target price for the company in a report on Thursday, August 4th. Argus initiated coverage on American Water Works in a report on Friday, June 24th. They set a “buy” rating and a $88.00 price objective for the company. Barclays PLC cut their price objective on American Water Works from $87.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, September 6th. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating and set a $93.00 price objective for the company in a report on Friday, July 8th. Finally, Bank of America Corp. lowered American Water Works from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $71.92 to $88.00 in a report on Wednesday, July 6th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $78.26.

In other American Water Works news, COO Walter Lynch sold 6,514 shares of American Water Works stock in a transaction on Friday, August 19th. The shares were sold at an average price of $76.43, for a total transaction of $497,865.02. Following the completion of the sale, the chief operating officer now owns 91,389 shares of the company’s stock, valued at approximately $6,984,861.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark F. Strauss sold 15,467 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $76.08, for a total transaction of $1,176,729.36. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

About American Water Works

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

5 Day Chart for NYSE:AWK

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