State of Wisconsin Investment Board decreased its position in shares of American Water Works (NYSE:AWK) by 9.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,640 shares of the company’s stock after selling 4,600 shares during the period. State of Wisconsin Investment Board’s holdings in American Water Works were worth $3,416,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Arrow Financial Corp purchased a new position in shares of American Water Works during the third quarter worth about $113,000. Northwestern Mutual Wealth Management Co. raised its position in shares of American Water Works by 488.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,612 shares of the company’s stock worth $136,000 after buying an additional 1,338 shares during the last quarter. Washington Trust Bank raised its position in shares of American Water Works by 1.0% in the third quarter. Washington Trust Bank now owns 2,093 shares of the company’s stock worth $157,000 after buying an additional 21 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of American Water Works by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,310 shares of the company’s stock worth $195,000 after buying an additional 10 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of American Water Works during the second quarter worth about $197,000. 79.10% of the stock is owned by hedge funds and other institutional investors.

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

American Water Works (NYSE:AWK) traded down 4.62% during mid-day trading on Wednesday, hitting $72.47. The stock had a trading volume of 1,517,077 shares. American Water Works has a 1-year low of $56.40 and a 1-year high of $85.24. The company has a 50-day moving average price of $72.26 and a 200 day moving average price of $76.08. The company has a market cap of $12.90 billion, a P/E ratio of 27.88 and a beta of 0.23.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business earned $930 million during 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%. American Water Works’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Equities research analysts forecast that American Water Works will post $2.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, November 7th. American Water Works’s dividend payout ratio is currently 57.47%.

ILLEGAL ACTIVITY NOTICE: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2016/11/30/american-water-works-awk-stake-reduced-by-state-of-wisconsin-investment-board.html.

AWK has been the subject of a number of research reports. Bank of America Corp. raised American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $77.00 to $84.00 in a research note on Wednesday, November 9th. Vetr lowered American Water Works from a “strong-buy” rating to a “buy” rating and set a $79.67 price target for the company. in a research note on Wednesday, November 16th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Monday. Robert W. Baird initiated coverage on American Water Works in a research note on Friday, October 14th. They set an “outperform” rating and a $82.00 price target for the company. Finally, Barclays PLC decreased their price target on American Water Works from $87.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, September 6th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. American Water Works currently has an average rating of “Buy” and a consensus price target of $79.08.

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

Receive News & Stock Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related stocks with our FREE daily email newsletter.