Stock Yards Bank & Trust Co. lowered its position in American Water Works (NYSE:AWK) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,676 shares of the company’s stock after selling 5,551 shares during the period. American Water Works makes up about 1.3% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 29th largest position. Stock Yards Bank & Trust Co. owned 0.07% of American Water Works worth $9,705,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Janus Capital Management LLC boosted its stake 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 worth $163,232,000 after buying an additional 1,028,299 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of American Water Works during the second quarter worth about $43,971,000. Ameriprise Financial Inc. boosted its stake in shares of American Water Works by 264.4% in the second quarter. Ameriprise Financial Inc. now owns 607,914 shares of the company’s stock worth $52,083,000 after buying an additional 441,108 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 worth $1,372,635,000 after buying an additional 424,954 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of American Water Works by 126.7% in the second quarter. PGGM Investments now owns 730,189 shares of the company’s stock worth $61,708,000 after buying an additional 408,115 shares during the last quarter. 79.10% of the stock is owned by hedge funds and other institutional investors.

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

Shares of American Water Works (NYSE:AWK) traded up 1.56% on Tuesday, hitting $76.07. The company had a trading volume of 525,598 shares. The firm has a 50-day moving average price of $72.13 and a 200 day moving average price of $76.07. The company has a market capitalization of $13.54 billion, a P/E ratio of 29.27 and a beta of 0.23. American Water Works has a 12-month low of $56.40 and a 12-month high of $85.24.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 9th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, November 7th. American Water Works’s dividend payout ratio (DPR) is 57.47%.

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A number of equities research analysts have issued reports on AWK shares. Vetr raised American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 target price for the company in a research report on Thursday, August 4th. Barclays PLC decreased their target price on American Water Works from $87.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, September 6th. Robert W. Baird started coverage on American Water Works in a research report on Friday, October 14th. They set an “outperform” rating and a $82.00 target price for the company. Bank of America Corp. raised American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $77.00 to $84.00 in a research report on Wednesday, November 9th. Finally, Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. American Water Works has a consensus rating of “Buy” and an average price target 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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