JPMorgan Chase & Co. trimmed its position in American Water Works (NYSE:AWK) by 36.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 543,998 shares of the utilities provider’s stock after selling 317,317 shares during the quarter. JPMorgan Chase & Co. owned 0.31% of American Water Works worth $42,405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pinnacle Associates Ltd. acquired a new position in shares of American Water Works in the second quarter valued at $226,000. Nuance Investments LLC acquired a new position in shares of American Water Works in the second quarter valued at $2,930,000. Cipher Capital LP raised its stake in shares of American Water Works by 40.3% in the second quarter. Cipher Capital LP now owns 56,617 shares of the utilities provider’s stock valued at $4,413,000 after purchasing an additional 16,255 shares in the last quarter. Swiss National Bank raised its stake in shares of American Water Works by 3.1% in the second quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock valued at $54,715,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in shares of American Water Works in the second quarter valued at $405,000. Institutional investors and hedge funds own 79.93% of the company’s stock.

In other news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by insiders.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective for the company. in a research note on Wednesday, June 14th. Finally, Northcoast Research began coverage on American Water Works in a research note 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 three have assigned a buy rating to the stock. American Water Works currently has a consensus rating of “Hold” and a consensus target price of $82.86.

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American Water Works (NYSE AWK) opened at 82.21 on Friday. The firm’s 50-day moving average price is $81.46 and its 200 day moving average price is $79.06. American Water Works has a 1-year low of $69.41 and a 1-year high of $83.06. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 31.03 and a beta of 0.25.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. During the same period in the prior year, the firm earned $0.77 earnings per share. American Water Works’s revenue was up 2.1% on a year-over-year basis. On average, analysts predict that American Water Works will post $3.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.02%. American Water Works’s dividend payout ratio (DPR) is currently 62.64%.

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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