Stephens Inc. AR lifted its stake in American Water Works (NYSE:AWK) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,655 shares of the utilities provider’s stock after purchasing an additional 953 shares during the quarter. Stephens Inc. AR’s holdings in American Water Works were worth $753,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AWK. BlackRock Inc. increased its holdings in shares of American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock valued at $1,129,202,000 after purchasing an additional 13,566,529 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock valued at $1,378,085,000 after purchasing an additional 657,026 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of American Water Works by 7,096.4% in the second quarter. Harbour Capital Advisors LLC now owns 655,949 shares of the utilities provider’s stock valued at $8,415,000 after purchasing an additional 646,834 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of American Water Works by 93.7% in the first quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock valued at $66,985,000 after purchasing an additional 416,651 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its holdings in shares of American Water Works by 72.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 741,246 shares of the utilities provider’s stock valued at $57,780,000 after purchasing an additional 311,901 shares during the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

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In other American Water Works news, COO Walter Lynch sold 15,169 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $82.00, for a total value of $1,243,858.00. Following the completion of the transaction, the chief operating officer now directly owns 111,171 shares in the company, valued at approximately $9,116,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

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

American Water Works (NYSE:AWK) last issued its quarterly 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 business had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The company’s revenue 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 research analysts forecast that American Water Works will post $3.01 EPS for the current fiscal year.

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

Several research firms recently commented on AWK. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a report on Thursday. Northcoast Research began coverage on American Water Works in a report on Thursday, May 25th. They issued a “neutral” rating for the company. Finally, Vetr cut American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a report on Wednesday, June 14th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $82.86.

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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