Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in American Water Works (NYSE:AWK) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,480 shares of the utilities provider’s stock after purchasing an additional 1,554 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in American Water Works were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sapphire Star Partners LP acquired a new stake in shares of American Water Works during the 3rd quarter valued at approximately $243,000. Forsta AP Fonden lifted its position in shares of American Water Works by 17.5% during the 3rd quarter. Forsta AP Fonden now owns 168,800 shares of the utilities provider’s stock valued at $13,658,000 after acquiring an additional 25,100 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of American Water Works by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 291,661 shares of the utilities provider’s stock valued at $23,598,000 after acquiring an additional 1,650 shares during the period. Andra AP fonden lifted its position in shares of American Water Works by 3.2% during the 3rd quarter. Andra AP fonden now owns 67,901 shares of the utilities provider’s stock valued at $5,494,000 after acquiring an additional 2,101 shares during the period. Finally, Perennial Advisors LLC lifted its position in shares of American Water Works by 3.9% during the 3rd quarter. Perennial Advisors LLC now owns 26,824 shares of the utilities provider’s stock valued at $2,170,000 after acquiring an additional 1,013 shares during the period. 79.82% of the stock is currently owned by institutional investors.

American Water Works (NYSE AWK) opened at $88.74 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49. American Water Works has a 12-month low of $69.79 and a 12-month high of $90.49. The stock has a market capitalization of $15,829.00, a P/E ratio of 30.60, a P/E/G ratio of 3.89 and a beta of 0.25.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The firm had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. During the same period in the previous year, the firm posted $1.05 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. analysts predict that American Water Works will post 3.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $0.415 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.87%. American Water Works’s dividend payout ratio is currently 56.27%.

In other American Water Works news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the transaction, the chief operating officer now directly owns 94,702 shares in the company, valued at approximately $7,770,299.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the transaction, the insider now owns 3,659 shares of the company’s stock, valued at $328,395.25. The disclosure for this sale can be found here. Insiders have sold a total of 25,167 shares of company stock valued at $2,116,734 over the last 90 days. Insiders own 0.34% of the company’s stock.

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A number of equities research analysts have recently issued reports on AWK shares. Wells Fargo & Company set a $89.00 price target on shares of American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. BidaskClub downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird lifted their price target on shares of American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $85.63.

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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