Stratos Wealth Partners LTD. acquired a new stake in shares of American Water Works (NYSE:AWK) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,667 shares of the utilities provider’s stock, valued at approximately $297,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AWK. Dimensional Fund Advisors LP raised its stake in shares of American Water Works by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 418,472 shares of the utilities provider’s stock valued at $32,541,000 after purchasing an additional 9,787 shares during the period. LS Investment Advisors LLC raised its stake in shares of American Water Works by 3.4% during the second quarter. LS Investment Advisors LLC now owns 8,475 shares of the utilities provider’s stock valued at $661,000 after purchasing an additional 281 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of American Water Works by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the utilities provider’s stock valued at $865,000 after purchasing an additional 100 shares during the period. US Bancorp DE raised its stake in shares of American Water Works by 2.4% during the second quarter. US Bancorp DE now owns 39,234 shares of the utilities provider’s stock valued at $3,058,000 after purchasing an additional 926 shares during the period. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of American Water Works during the second quarter valued at approximately $364,000. Institutional investors own 79.60% of the company’s stock.

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Shares of American Water Works (AWK) opened at $89.02 on Monday. American Water Works has a 1 year low of $69.96 and a 1 year high of $91.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49. The firm has a market cap of $15,878.98, a P/E ratio of 30.70, a PEG ratio of 3.90 and a beta of 0.25.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. research analysts expect that American Water Works will post 3.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, November 9th. American Water Works’s dividend payout ratio is presently 56.27%.

In other American Water Works news, insider Deborah A. Degillio sold 822 shares of American Water Works stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the transaction, the insider now owns 3,659 shares of the company’s stock, valued at $328,395.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael A. Sgro sold 841 shares of American Water Works stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,191 shares of company stock valued at $890,337. 0.34% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on AWK shares. Wells Fargo & Company set a $89.00 price objective on shares of American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. BidaskClub lowered shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird raised their price target on shares of American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.63.

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.

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

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