Evercore Wealth Management LLC lifted its stake in American Water Works (NYSE:AWK) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the utilities provider’s stock after acquiring an additional 189 shares during the period. Evercore Wealth Management LLC’s holdings in American Water Works were worth $195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AWK. BlackRock Inc. raised its position in shares of American Water Works by 1,423.2% in the 1st quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock worth $1,129,202,000 after acquiring an additional 13,566,529 shares in the last quarter. Vanguard Group Inc. raised its position in shares of American Water Works by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock worth $1,378,085,000 after acquiring an additional 657,026 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of American Water Works by 7,096.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 655,949 shares of the utilities provider’s stock worth $8,415,000 after acquiring an additional 646,834 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of American Water Works by 93.7% in the 1st quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock worth $66,985,000 after acquiring an additional 416,651 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in shares of American Water Works by 72.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 741,246 shares of the utilities provider’s stock worth $57,780,000 after acquiring an additional 311,901 shares in the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Shares of American Water Works (AWK) opened at 80.91 on Friday. The firm’s 50-day moving average price is $81.58 and its 200 day moving average price is $79.19. American Water Works has a 1-year low of $69.41 and a 1-year high of $83.14. The stock has a market cap of $14.42 billion, a P/E ratio of 30.54 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $869.52 million. During the same quarter last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that American Water Works will post $3.00 earnings per share for the current fiscal year.

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

In other news, COO Walter Lynch sold 3,335 shares of American Water Works stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the sale, the chief operating officer now owns 94,702 shares in the company, valued at $7,770,299.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

AWK has been the topic of several recent analyst reports. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Tuesday, July 11th. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Finally, Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. in a research report on Wednesday, June 14th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $82.86.

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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.

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

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