Kessler Investment Group LLC reduced its stake in American Water Works (NYSE:AWK) by 58.6% during the second quarter, Holdings Channel reports. The institutional investor owned 5,839 shares of the utilities provider’s stock after selling 8,258 shares during the period. Kessler Investment Group LLC’s holdings in American Water Works were worth $455,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AWK. BlackRock Inc. boosted its stake in shares of American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock valued at $1,129,202,000 after buying an additional 13,566,529 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock valued at $1,378,085,000 after buying an additional 657,026 shares in the last quarter. Cambiar Investors LLC acquired a new stake in shares of American Water Works during the first quarter valued at $41,992,000. JPMorgan Chase & Co. boosted its stake in shares of American Water Works by 93.7% in the first quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock valued at $66,985,000 after buying an additional 416,651 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of American Water Works during the first quarter valued at $28,092,000. Institutional investors own 80.58% of the company’s stock.

American Water Works (AWK) traded up 0.81% on Thursday, reaching $80.67. 153,228 shares of the company’s stock traded hands. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 30.10 and a beta of 0.24. The firm has a 50-day moving average price of $79.43 and a 200-day moving average price of $76.63. American Water Works has a 52 week low of $69.41 and a 52 week high of $83.21.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $756 million during the quarter, compared to the consensus estimate of $759.54 million. American Water Works had a return on equity of 9.92% and a net margin of 14.45%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. On average, analysts predict that American Water Works will post $3.03 earnings per share for the current year.

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Several equities research analysts recently weighed in on AWK shares. Robert W. Baird cut shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. Vetr upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $82.36 price target on the stock in a research report on Monday, May 1st. Zacks Investment Research cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Northcoast Research started coverage on shares of American Water Works in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. American Water Works has an average rating of “Hold” and a consensus price target of $82.63.

In related news, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $75.21, for a total transaction of $94,990.23. Following the completion of the sale, the senior vice president now directly owns 7,055 shares of the company’s stock, valued at approximately $530,606.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

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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