Trust Co. of Toledo NA OH boosted its position in shares of American Water Works (NYSE:AWK) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 22,284 shares of the utilities provider’s stock after buying an additional 304 shares during the period. Trust Co. of Toledo NA OH’s holdings in American Water Works were worth $1,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AWK. Focused Wealth Management Inc boosted its position in shares of American Water Works by 0.3% in the first quarter. Focused Wealth Management Inc now owns 4,367 shares of the utilities provider’s stock worth $340,000 after buying an additional 13 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of American Water Works by 0.3% in the first quarter. Flagship Harbor Advisors LLC now owns 3,757 shares of the utilities provider’s stock worth $293,000 after buying an additional 13 shares in the last quarter. Day & Ennis LLC boosted its position in shares of American Water Works by 0.4% in the first quarter. Day & Ennis LLC now owns 3,329 shares of the utilities provider’s stock worth $259,000 after buying an additional 14 shares in the last quarter. Clifford Swan Investment Counsel LLC boosted its position in shares of American Water Works by 0.5% in the first quarter. Clifford Swan Investment Counsel LLC now owns 9,183 shares of the utilities provider’s stock worth $714,000 after buying an additional 43 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of American Water Works by 0.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,253 shares of the utilities provider’s stock worth $720,000 after buying an additional 50 shares in the last quarter. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Water Works (AWK) opened at 81.08 on Monday. American Water Works has a 1-year low of $69.41 and a 1-year high of $82.89. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 30.58 and a beta of 0.25. The company’s 50 day moving average price is $80.00 and its 200-day moving average price is $77.25.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $844 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%. American Water Works’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, equities analysts forecast that American Water Works will post $3.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.66 annualized dividend and a yield of 2.05%. American Water Works’s dividend payout ratio (DPR) is presently 62.64%.

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A number of research analysts have recently commented on the company. Vetr cut American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target on the stock. in a research report on Wednesday, June 14th. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research cut American Water Works from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Northcoast Research assumed coverage on American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Finally, Robert W. Baird cut American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the company from $69.41 to $82.00 in a research report on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $82.63.

In related news, SVP Loyd A. Warnock sold 1,263 shares of American Water Works stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $75.21, for a total transaction of $94,990.23. Following the transaction, the senior vice president now directly owns 7,055 shares in the company, valued at $530,606.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Loyd A. Warnock sold 2,236 shares of American Water Works stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $75.73, for a total value of $169,332.28. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

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.

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

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