LS Investment Advisors LLC increased its position in shares of American Water Works (NYSE:AWK) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,475 shares of the utilities provider’s stock after buying an additional 281 shares during the period. LS Investment Advisors LLC’s holdings in American Water Works were worth $661,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AWK. Mn Services Vermogensbeheer B.V. boosted its stake in shares of American Water Works by 509.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 28,927 shares of the utilities provider’s stock worth $2,255,000 after buying an additional 24,180 shares during the period. Buffington Mohr McNeal boosted its stake in shares of American Water Works by 12.5% in the second quarter. Buffington Mohr McNeal now owns 11,225 shares of the utilities provider’s stock worth $875,000 after buying an additional 1,250 shares during the period. Chesley Taft & Associates LLC boosted its stake in shares of American Water Works by 3.0% in the second quarter. Chesley Taft & Associates LLC now owns 13,950 shares of the utilities provider’s stock worth $1,087,000 after buying an additional 400 shares during the period. National Pension Service boosted its stake in shares of American Water Works by 9.8% in the second quarter. National Pension Service now owns 173,350 shares of the utilities provider’s stock worth $13,539,000 after buying an additional 15,412 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its stake in shares of American Water Works by 1.4% in the second quarter. Trust Co. of Toledo NA OH now owns 22,284 shares of the utilities provider’s stock worth $1,737,000 after buying an additional 304 shares during the period. 80.72% of the stock is owned by institutional investors.

American Water Works (NYSE AWK) traded up 0.14% during midday trading on Friday, hitting $81.44. The stock had a trading volume of 730,332 shares. American Water Works has a 1-year low of $69.41 and a 1-year high of $82.89. The stock’s 50-day moving average is $80.19 and its 200-day moving average is $78.00. The stock has a market capitalization of $14.52 billion, a PE ratio of 30.74 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $844 million during the quarter, compared to the consensus estimate of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. On average, equities research analysts anticipate that American Water Works will post $3.01 EPS for the current fiscal year.

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

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A number of brokerages have recently commented on AWK. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Vetr cut American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price for the company. in a research note on Wednesday, June 14th. Northcoast Research started coverage on American Water Works in a research note on Thursday, May 25th. They set a “neutral” rating for the company. Finally, Robert W. Baird cut American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $69.41 to $82.00 in a research note on Wednesday, April 26th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently 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.

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

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