Commonwealth Bank of Australia lifted its stake in shares of American Water Works (NYSE:AWK) by 827.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,381 shares of the utilities provider’s stock after purchasing an additional 8,370 shares during the period. Commonwealth Bank of Australia’s holdings in American Water Works were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AWK. Nationwide Fund Advisors lifted its position in shares of American Water Works by 12.5% during the first quarter. Nationwide Fund Advisors now owns 54,767 shares of the utilities provider’s stock worth $4,259,000 after purchasing an additional 6,071 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of American Water Works by 17.8% during the first quarter. Suntrust Banks Inc. now owns 9,366 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 1,415 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of American Water Works by 8.6% during the first quarter. UBS Asset Management Americas Inc. now owns 983,569 shares of the utilities provider’s stock worth $76,492,000 after purchasing an additional 77,797 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of American Water Works by 56.7% during the first quarter. Toronto Dominion Bank now owns 48,087 shares of the utilities provider’s stock worth $3,738,000 after purchasing an additional 17,394 shares in the last quarter. Finally, Scout Investments Inc. lifted its position in shares of American Water Works by 3.7% during the first quarter. Scout Investments Inc. now owns 391,921 shares of the utilities provider’s stock worth $27,015,000 after purchasing an additional 14,107 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

In related news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $82.05, for a total value of $273,636.75. Following the transaction, the chief operating officer now directly owns 94,702 shares in the company, valued at $7,770,299.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Shares of American Water Works (AWK) opened at 82.68 on Monday. The company’s 50 day moving average is $81.51 and its 200-day moving average is $79.10. American Water Works has a 1-year low of $69.41 and a 1-year high of $83.06. The company has a market capitalization of $14.74 billion, a P/E ratio of 31.21 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its quarterly earnings data 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 $844.00 million during the quarter, compared to the consensus estimate of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. On average, equities research analysts forecast that American Water Works will post $3.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 9th were given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is 62.64%.

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A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Thursday. Northcoast Research assumed coverage on shares of American Water Works in a research note on Thursday, May 25th. They set a “neutral” rating for the company. Finally, Vetr downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a research note on Wednesday, June 14th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $82.86.

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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