BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of American Water Works (NYSE:AWK) by 5.4% during the second quarter, Holdings Channel reports. The fund owned 215,060 shares of the utilities provider’s stock after selling 12,222 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in American Water Works were worth $16,764,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in American Water Works by 2.8% in the second quarter. Advisors Asset Management Inc. now owns 13,740 shares of the utilities provider’s stock worth $1,071,000 after buying an additional 374 shares during the last quarter. Signature Financial Management Inc. boosted its position in American Water Works by 13.2% in the second quarter. Signature Financial Management Inc. now owns 5,678 shares of the utilities provider’s stock worth $442,000 after buying an additional 663 shares during the last quarter. UMB Bank N A MO boosted its position in American Water Works by 28.2% in the second quarter. UMB Bank N A MO now owns 3,641 shares of the utilities provider’s stock worth $284,000 after buying an additional 800 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in American Water Works by 4.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 77,238 shares of the utilities provider’s stock worth $6,095,000 after buying an additional 3,303 shares during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in American Water Works during the second quarter worth $235,000. 80.72% of the stock is owned by institutional investors.

Shares of American Water Works (NYSE AWK) opened at 81.33 on Tuesday. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89. The stock has a 50 day moving average of $79.99 and a 200-day moving average of $77.82. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 30.70 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.07. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The firm had revenue of $844 million during the quarter, compared to analyst estimates of $869.52 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that American Water Works will post $3.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be paid a $0.415 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a yield of 2.04%. American Water Works’s payout ratio is presently 62.64%.

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A number of equities analysts have weighed in on the stock. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective for the company. in a research report on Wednesday, June 14th. Northcoast Research assumed coverage on shares of American Water Works in a research report on Thursday, May 25th. They issued a “neutral” rating for the company. Finally, Robert W. Baird cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $69.41 to $82.00 in a research report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.63.

In related news, SVP Loyd A. Warnock sold 2,236 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $75.73, for a total value of $169,332.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 7,055 shares in the company, valued at $530,606.55. The disclosure for this sale can be found here. Company 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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