BTR Capital Management Inc. cut its stake in American Water Works (NYSE:AWK) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 105,250 shares of the company’s stock after selling 3,325 shares during the period. American Water Works comprises about 1.8% of BTR Capital Management Inc.’s portfolio, making the stock its 20th largest position. BTR Capital Management Inc. owned approximately 0.06% of American Water Works worth $7,877,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AWK. Vanguard Group Inc. boosted its position in shares of American Water Works by 2.7% in the second quarter. Vanguard Group Inc. now owns 16,242,274 shares of the company’s stock valued at $1,372,635,000 after buying an additional 424,954 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of American Water Works by 6.9% in the second quarter. BlackRock Fund Advisors now owns 3,785,408 shares of the company’s stock valued at $319,905,000 after buying an additional 245,866 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of American Water Works by 0.9% in the second quarter. Franklin Resources Inc. now owns 2,674,848 shares of the company’s stock valued at $226,051,000 after buying an additional 24,225 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of American Water Works by 113.8% in the second quarter. Janus Capital Management LLC now owns 1,931,515 shares of the company’s stock valued at $163,232,000 after buying an additional 1,028,299 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of American Water Works by 9.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,378,871 shares of the company’s stock valued at $116,530,000 after buying an additional 115,659 shares in the last quarter. Institutional investors own 79.10% of the company’s stock.

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

Shares of American Water Works (NYSE:AWK) traded up 1.382% during mid-day trading on Tuesday, reaching $75.935. The company’s stock had a trading volume of 630,872 shares. American Water Works has a 1-year low of $56.40 and a 1-year high of $85.24. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 29.217 and a beta of 0.23. The firm’s 50 day moving average price is $72.13 and its 200-day moving average price is $76.07.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $930 million for the quarter, compared to analyst estimates of $944.98 million. American Water Works had a net margin of 14.19% and a return on equity of 9.85%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. On average, analysts predict that American Water Works will post $2.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $1.50 dividend on an annualized basis and a yield of 1.98%. American Water Works’s dividend payout ratio (DPR) is currently 57.47%.

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Several research analysts have recently weighed in on AWK shares. Bank of America Corp. upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $77.00 to $84.00 in a report on Wednesday, November 9th. Vetr raised shares of American Water Works from a “buy” rating to a “strong-buy” rating and set a $79.67 price target on the stock in a research report on Thursday, November 10th. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday. Robert W. Baird assumed coverage on shares of American Water Works in a research report on Friday, October 14th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Barclays PLC reduced their price target on shares of American Water Works from $87.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 6th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. American Water Works has an average rating of “Buy” and an average target price of $79.08.

American Water Works Company Profile

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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