Braun Stacey Associates Inc. increased its position in shares of American Water Works (NYSE:AWK) by 57.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,870 shares of the utilities provider’s stock after buying an additional 39,085 shares during the period. Braun Stacey Associates Inc.’s holdings in American Water Works were worth $8,330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barometer Capital Management Inc. increased its position in American Water Works by 195.7% in the first quarter. Barometer Capital Management Inc. now owns 20,400 shares of the utilities provider’s stock worth $1,587,000 after buying an additional 13,500 shares in the last quarter. DnB Asset Management AS increased its position in American Water Works by 23.9% in the first quarter. DnB Asset Management AS now owns 23,828 shares of the utilities provider’s stock worth $1,853,000 after buying an additional 4,600 shares in the last quarter. Reilly Financial Advisors LLC increased its position in American Water Works by 8.1% in the first quarter. Reilly Financial Advisors LLC now owns 14,895 shares of the utilities provider’s stock worth $1,158,000 after buying an additional 1,122 shares in the last quarter. National Investment Services Inc. WI bought a new position in American Water Works during the first quarter worth $1,999,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in American Water Works by 1.3% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 15,942 shares of the utilities provider’s stock worth $1,240,000 after buying an additional 200 shares in the last quarter. 81.03% of the stock is owned by hedge funds and other institutional investors.

Shares of American Water Works (AWK) opened at 81.08 on Friday. The stock has a market capitalization of $14.43 billion, a PE ratio of 30.58 and a beta of 0.25. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89. The company’s 50 day moving average is $80.00 and its 200-day moving average is $77.25.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.07. The business had revenue of $844 million for the quarter, compared to the consensus estimate of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. On average, equities analysts predict that American Water Works will post $3.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be given a dividend of $0.415 per share. The ex-dividend date is Monday, August 7th. This represents a $1.66 annualized dividend and a yield of 2.05%. American Water Works’s dividend payout ratio (DPR) is 62.64%.

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A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price for the company. in a research report on Wednesday, June 14th. Zacks Investment Research downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the company from $69.41 to $82.00 in a research report on Wednesday, April 26th. Finally, Northcoast Research assumed coverage on shares of American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating for the company. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. American Water Works presently has an average rating of “Hold” and an average price target of $82.63.

In related news, SVP Loyd A. Warnock sold 2,236 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $75.73, for a total transaction of $169,332.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Loyd A. Warnock sold 1,263 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total transaction of $94,990.23. Following the sale, the senior vice president now owns 7,055 shares of the company’s stock, valued at $530,606.55. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

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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