Pacer Advisors Inc. grew its holdings in American Water Works (NYSE:AWK) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,683 shares of the utilities provider’s stock after purchasing an additional 290 shares during the period. Pacer Advisors Inc.’s holdings in American Water Works were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 worth $1,378,085,000 after acquiring an additional 657,026 shares during the last quarter. BlackRock Inc. increased 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 worth $1,129,202,000 after acquiring an additional 13,566,529 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of American Water Works by 3.2% in the second quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock worth $313,105,000 after acquiring an additional 125,587 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of American Water Works by 0.5% in the second quarter. Bessemer Group Inc. now owns 1,935,574 shares of the utilities provider’s stock worth $150,879,000 after acquiring an additional 9,699 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of American Water Works by 8.3% in the first quarter. Geode Capital Management LLC now owns 1,757,631 shares of the utilities provider’s stock worth $136,500,000 after acquiring an additional 134,282 shares during the last quarter. Institutional investors own 79.93% of the company’s stock.

In other American Water Works news, COO Walter Lynch sold 15,169 shares of American Water Works stock in a transaction on Monday, August 21st. The shares were sold at an average price of $82.00, for a total value of $1,243,858.00. Following the sale, the chief operating officer now directly owns 111,171 shares in the company, valued at approximately $9,116,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

A number of equities 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 note on Thursday, August 3rd. Zacks Investment Research downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Northcoast Research assumed coverage on shares of American Water Works in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, Vetr downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target on the stock. in a research note on Wednesday, June 14th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $82.86.

American Water Works (AWK) opened at 81.36 on Thursday. The firm’s 50-day moving average is $81.41 and its 200 day moving average is $79.02. American Water Works has a 52-week low of $69.41 and a 52-week high of $83.06. The firm has a market capitalization of $14.51 billion, a P/E ratio of 30.71 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.07). The company had revenue of $844.00 million during 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 company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. Equities analysts anticipate that American Water Works will post $3.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 9th were given a $0.415 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.66 annualized dividend and a yield of 2.04%. American Water Works’s dividend payout ratio is currently 62.64%.

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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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