Cornerstone Capital Management Holdings LLC. trimmed its holdings in shares of American Water Works (NYSE:AWK) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,368 shares of the utilities provider’s stock after selling 93 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in American Water Works were worth $2,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Flagship Harbor Advisors LLC grew its position in American Water Works by 0.3% during the first quarter. Flagship Harbor Advisors LLC now owns 3,757 shares of the utilities provider’s stock valued at $293,000 after buying an additional 13 shares during the period. Day & Ennis LLC grew its position in American Water Works by 0.4% during the first quarter. Day & Ennis LLC now owns 3,329 shares of the utilities provider’s stock valued at $259,000 after buying an additional 14 shares during the period. Murphy Capital Management Inc. grew its position in American Water Works by 0.4% during the second quarter. Murphy Capital Management Inc. now owns 13,175 shares of the utilities provider’s stock valued at $1,026,000 after buying an additional 50 shares during the period. Fiduciary Trust Co. grew its position in American Water Works by 1.0% during the second quarter. Fiduciary Trust Co. now owns 4,852 shares of the utilities provider’s stock valued at $378,000 after buying an additional 50 shares during the period. Finally, Homrich & Berg grew its position in American Water Works by 1.9% during the second quarter. Homrich & Berg now owns 3,800 shares of the utilities provider’s stock valued at $296,000 after buying an additional 72 shares during the period. Institutional investors own 79.63% of the company’s stock.

American Water Works (NYSE:AWK) opened at 86.03 on Wednesday. The company has a market capitalization of $15.34 billion, a price-to-earnings ratio of 32.48 and a beta of 0.25. The firm has a 50 day moving average of $82.18 and a 200-day moving average of $79.99. American Water Works has a 52-week low of $69.41 and a 52-week high of $86.13.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.07). The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. American Water Works’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. Equities analysts expect that American Water Works will post $3.00 EPS for the current year.

Several brokerages recently issued reports on AWK. 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 target for the company in a research report on Tuesday, July 11th. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $82.00 price target on shares of American Water Works in a research report on Sunday, October 1st. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $82.86.

ILLEGAL ACTIVITY NOTICE: This piece was first published by Daily Political and is the property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.dailypolitical.com/2017/10/18/cornerstone-capital-management-holdings-llc-sells-93-shares-of-american-water-works-awk.html.

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

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.

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works (NYSE:AWK).

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

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.