Denver Investment Advisors LLC cut its position in American Water Works (NYSE:AWK) by 33.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,301 shares of the utilities provider’s stock after selling 9,875 shares during the period. Denver Investment Advisors LLC’s holdings in American Water Works were worth $1,505,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of American Water Works by 38.2% in the first quarter. Canada Pension Plan Investment Board now owns 242,110 shares of the utilities provider’s stock worth $18,829,000 after buying an additional 66,954 shares during the period. Mason Street Advisors LLC increased its position in shares of American Water Works by 1.1% in the first quarter. Mason Street Advisors LLC now owns 24,628 shares of the utilities provider’s stock worth $1,915,000 after buying an additional 278 shares during the period. British Columbia Investment Management Corp increased its position in shares of American Water Works by 13.6% in the first quarter. British Columbia Investment Management Corp now owns 227,282 shares of the utilities provider’s stock worth $17,676,000 after buying an additional 27,222 shares during the period. Bank of Nova Scotia increased its position in shares of American Water Works by 943.7% in the first quarter. Bank of Nova Scotia now owns 40,810 shares of the utilities provider’s stock worth $3,173,000 after buying an additional 36,900 shares during the period. Finally, Davis R M Inc. increased its position in shares of American Water Works by 28.5% in the first quarter. Davis R M Inc. now owns 302,090 shares of the utilities provider’s stock worth $23,494,000 after buying an additional 66,944 shares during the period. 80.72% of the stock is owned by institutional investors.

American Water Works (NYSE AWK) opened at 81.33 on Friday. The stock’s 50 day moving average price is $80.10 and its 200-day moving average price is $77.93. American Water Works has a 12 month low of $69.41 and a 12 month high of $82.89. The firm has a market capitalization of $14.50 billion, a P/E ratio of 30.70 and a beta of 0.25.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.07. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The firm had revenue of $844 million during the quarter, compared to analyst estimates of $869.52 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. American Water Works’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that American Water Works will post $3.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th will be issued a $0.415 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.04%. American Water Works’s payout ratio is 62.64%.

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A number of brokerages have recently issued reports on AWK. BidaskClub downgraded American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Vetr downgraded 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. Northcoast Research began 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 downgraded American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $82.63.

About American Water Works

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.

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

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