Caisse DE Depot ET Placement DU Quebec lifted its position in American Water Works (NYSE:AWK) by 18.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,744 shares of the utilities provider’s stock after purchasing an additional 12,200 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in American Water Works were worth $6,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rothschild Asset Management Inc. grew its stake in American Water Works by 4.8% during the second quarter. Rothschild Asset Management Inc. now owns 7,324 shares of the utilities provider’s stock valued at $571,000 after acquiring an additional 334 shares in the last quarter. IFP Advisors Inc grew its stake in American Water Works by 4.1% during the second quarter. IFP Advisors Inc now owns 7,121 shares of the utilities provider’s stock valued at $555,000 after acquiring an additional 278 shares in the last quarter. Retirement Systems of Alabama grew its stake in American Water Works by 0.3% during the second quarter. Retirement Systems of Alabama now owns 86,398 shares of the utilities provider’s stock valued at $6,735,000 after acquiring an additional 251 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in American Water Works by 4.8% during the second quarter. Canada Pension Plan Investment Board now owns 253,643 shares of the utilities provider’s stock valued at $19,771,000 after acquiring an additional 11,533 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in American Water Works by 7.3% during the second quarter. Wetherby Asset Management Inc. now owns 8,041 shares of the utilities provider’s stock valued at $627,000 after acquiring an additional 548 shares in the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

Shares of American Water Works (AWK) opened at $91.52 on Friday. The stock has a market cap of $16,246.43, a PE ratio of 31.41, a PEG ratio of 3.99 and a beta of 0.27. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. American Water Works has a twelve month low of $69.96 and a twelve month high of $91.97.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The company had revenue of $936.00 million for 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 firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS. research analysts expect that American Water Works will post 3.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.81%. American Water Works’s dividend payout ratio is presently 56.27%.

Several research firms recently weighed in on AWK. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Robert W. Baird reiterated a “hold” rating and set a $82.00 price objective on shares of American Water Works in a research report on Sunday, October 1st. Bank of America assumed coverage on shares of American Water Works in a research report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective for the company. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Janney Montgomery Scott lowered 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 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.63.

In related news, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the transaction, the insider now owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Walter Lynch sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. Following the completion of the transaction, the chief operating officer now directly owns 97,667 shares in the company, valued at approximately $8,785,146.65. The disclosure for this sale can be found here. Insiders sold a total of 6,856 shares of company stock worth $616,700 in the last ninety days. 0.34% of the stock is currently owned by insiders.

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American Water Works 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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