Homrich & Berg lessened its stake in American Water Works Company Inc (NYSE:AWK) by 21.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,707 shares of the utilities provider’s stock after selling 731 shares during the quarter. Homrich & Berg’s holdings in American Water Works were worth $336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AWK. JNBA Financial Advisors lifted its holdings in shares of American Water Works by 28.6% during the 2nd quarter. JNBA Financial Advisors now owns 450 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 100 shares in the last quarter. Braun Stacey Associates Inc. lifted its holdings in shares of American Water Works by 4.9% during the 2nd quarter. Braun Stacey Associates Inc. now owns 67,829 shares of the utilities provider’s stock valued at $7,868,000 after acquiring an additional 3,190 shares in the last quarter. Davis R M Inc. lifted its holdings in shares of American Water Works by 0.8% during the 2nd quarter. Davis R M Inc. now owns 456,143 shares of the utilities provider’s stock valued at $52,913,000 after acquiring an additional 3,514 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of American Water Works by 107.8% during the 2nd quarter. Bank of Montreal Can now owns 442,534 shares of the utilities provider’s stock valued at $51,333,000 after acquiring an additional 229,535 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of American Water Works by 485.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 114,282 shares of the utilities provider’s stock valued at $13,257,000 after acquiring an additional 94,757 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

In other American Water Works news, COO Walter Lynch sold 6,908 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $126.91, for a total value of $876,694.28. Following the transaction, the chief operating officer now owns 113,574 shares in the company, valued at approximately $14,413,676.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Mackenzie sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total transaction of $1,291,800.00. Following the completion of the transaction, the director now owns 25,338 shares in the company, valued at approximately $3,273,162.84. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

AWK stock traded up $1.56 during trading on Thursday, reaching $118.49. The stock had a trading volume of 13,263 shares, compared to its average volume of 979,046. American Water Works Company Inc has a 1-year low of $85.89 and a 1-year high of $129.89. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $20.90 billion, a P/E ratio of 35.91, a PEG ratio of 3.97 and a beta of 0.06. The firm has a fifty day moving average price of $122.12 and a 200 day moving average price of $118.31.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. American Water Works had a net margin of 17.85% and a return on equity of 10.77%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts predict that American Water Works Company Inc will post 3.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 12th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.69%. American Water Works’s dividend payout ratio is currently 60.61%.

AWK has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Wells Fargo & Co lifted their target price on shares of American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Janney Montgomery Scott lifted their target price on shares of American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, ValuEngine lowered shares of American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. American Water Works presently has an average rating of “Hold” and a consensus target price of $129.60.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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

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