Caldwell & Orkin Inc. lowered its position in shares of American Water Works (NYSE:AWK) by 36.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,075 shares of the utilities provider’s stock after selling 15,775 shares during the quarter. American Water Works accounts for about 2.7% of Caldwell & Orkin Inc.’s investment portfolio, making the stock its 9th largest position. Caldwell & Orkin Inc.’s holdings in American Water Works were worth $2,188,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in American Water Works by 3.9% during 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 purchasing an additional 657,026 shares in the last quarter. BlackRock Inc. raised its position in shares of American Water Works by 1,423.2% during 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 during the last quarter. Pictet Asset Management Ltd. raised its position in shares of American Water Works by 3.2% during the second quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock valued at $313,105,000 after buying an additional 125,587 shares during the last quarter. Franklin Resources Inc. raised its position in shares of American Water Works by 0.5% during the second quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock valued at $208,915,000 after buying an additional 12,280 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of American Water Works by 11.0% during the second quarter. Wells Fargo & Company MN now owns 2,532,449 shares of the utilities provider’s stock valued at $197,405,000 after buying an additional 251,271 shares during the last quarter. 79.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Water Works (AWK) traded up 0.28% during midday trading on Thursday, reaching $81.59. 161,243 shares of the company traded hands. American Water Works has a 1-year low of $69.41 and a 1-year high of $83.06. The stock has a 50 day moving average price of $81.41 and a 200 day moving average price of $79.02. The firm has a market capitalization of $14.55 billion, a PE ratio of 30.80 and a beta of 0.25.

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 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 business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $869.52 million. During the same quarter last year, the business earned $0.77 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that American Water Works will post $3.01 earnings per share for the current fiscal year.

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

Several equities research analysts have recently issued reports on the stock. Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective on the stock. in a research report on Wednesday, June 14th. BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Tuesday, July 11th. Finally, Northcoast Research assumed coverage on shares of American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. American Water Works currently has an average rating of “Hold” and a consensus target price of $82.86.

In related news, COO Walter Lynch sold 3,335 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the transaction, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

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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.

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

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