Stifel Financial Corp lowered its position in American Water Works (NYSE:AWK) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,217,768 shares of the utilities provider’s stock after selling 20,695 shares during the quarter. Stifel Financial Corp owned 0.68% of American Water Works worth $98,535,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AWK. Janus Henderson Group PLC boosted its stake in shares of American Water Works by 8,104.3% during the second quarter. Janus Henderson Group PLC now owns 1,712,232 shares of the utilities provider’s stock valued at $133,469,000 after acquiring an additional 1,691,362 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of American Water Works by 2.6% during the second quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock valued at $1,417,580,000 after acquiring an additional 465,748 shares during the last quarter. Ardevora Asset Management LLP acquired a new stake in shares of American Water Works during the third quarter valued at $33,574,000. JPMorgan Chase & Co. boosted its stake in shares of American Water Works by 56.8% during the third quarter. JPMorgan Chase & Co. now owns 853,175 shares of the utilities provider’s stock valued at $69,200,000 after acquiring an additional 309,177 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of American Water Works by 25.5% during the second quarter. Alliancebernstein L.P. now owns 1,329,726 shares of the utilities provider’s stock valued at $103,652,000 after acquiring an additional 269,907 shares during the last quarter. Institutional investors and hedge funds own 80.99% of the company’s stock.

American Water Works (NYSE AWK) opened at $91.22 on Friday. The firm has a market capitalization of $16,271.37, a PE ratio of 31.46, a PEG ratio of 4.00 and a beta of 0.27. American Water Works has a 52 week low of $69.96 and a 52 week high of $91.97. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $936.00 million for the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. sell-side analysts anticipate that American Water Works will post 3.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a dividend of $0.415 per share. The ex-dividend date was Thursday, November 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.82%. American Water Works’s payout ratio is currently 56.27%.

In other American Water Works news, COO Walter Lynch sold 5,000 shares of American Water Works stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. Following the sale, the chief operating officer now directly owns 97,667 shares in the company, valued at approximately $8,785,146.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deborah A. Degillio sold 822 shares of American Water Works stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now owns 3,659 shares in the company, valued at $328,395.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,856 shares of company stock worth $616,700. Company insiders own 0.34% of the company’s stock.

A number of brokerages have issued reports on AWK. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $82.00 price target on shares of American Water Works in a research note on Sunday, October 1st. Wells Fargo & Company set a $89.00 price target on American Water Works and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Bank of America began coverage on American Water Works in a research note on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $85.63.

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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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