Banque Pictet & Cie SA decreased its stake in American Water Works (NYSE:AWK) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,490 shares of the company’s stock after selling 60 shares during the period. Banque Pictet & Cie SA’s holdings in American Water Works were worth $1,234,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in American Water Works by 2.7% in the second quarter. Vanguard Group Inc. now owns 16,242,274 shares of the company’s stock valued at $1,372,635,000 after buying an additional 424,954 shares during the last quarter. BlackRock Fund Advisors boosted its position in American Water Works by 6.9% in the second quarter. BlackRock Fund Advisors now owns 3,785,408 shares of the company’s stock valued at $319,905,000 after buying an additional 245,866 shares during the last quarter. Franklin Resources Inc. boosted its position in American Water Works by 0.9% in the second quarter. Franklin Resources Inc. now owns 2,674,848 shares of the company’s stock valued at $226,051,000 after buying an additional 24,225 shares during the last quarter. Wells Fargo & Company MN boosted its position in American Water Works by 30.2% in the third quarter. Wells Fargo & Company MN now owns 1,961,849 shares of the company’s stock valued at $146,824,000 after buying an additional 455,011 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in American Water Works by 113.8% in the second quarter. Janus Capital Management LLC now owns 1,931,515 shares of the company’s stock valued at $163,232,000 after buying an additional 1,028,299 shares during the last quarter. Institutional investors own 79.10% of the company’s stock.

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

American Water Works (NYSE:AWK) traded up 1.44% during midday trading on Tuesday, reaching $75.98. The company had a trading volume of 978,873 shares. The company has a market capitalization of $13.52 billion, a P/E ratio of 29.23 and a beta of 0.23. American Water Works has a 52-week low of $56.40 and a 52-week high of $85.24. The company’s 50 day moving average is $72.13 and its 200-day moving average is $76.07.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. American Water Works had a net margin of 14.19% and a return on equity of 9.85%. The company had revenue of $930 million for the quarter, compared to analyst estimates of $944.98 million. During the same quarter last year, the business earned $0.96 earnings per share. American Water Works’s revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that American Water Works will post $2.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 9th will be paid a $0.375 dividend. The ex-dividend date is Monday, November 7th. This represents a $1.50 annualized dividend and a dividend yield of 1.97%. American Water Works’s payout ratio is currently 57.47%.

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AWK has been the topic of several recent analyst reports. Bank of America Corp. upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $77.00 to $84.00 in a research report on Wednesday, November 9th. Vetr upgraded American Water Works from a “buy” rating to a “strong-buy” rating and set a $79.67 target price on the stock in a research report on Thursday, November 10th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Monday. Robert W. Baird assumed coverage on American Water Works in a research note on Friday, October 14th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Barclays PLC decreased their price target on American Water Works from $87.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $79.08.

About American Water Works

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

5 Day Chart for NYSE:AWK

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