Oppenheimer & Co. Inc. increased its stake in American Water Works Company Inc (NYSE:AWK) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,519 shares of the utilities provider’s stock after purchasing an additional 851 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in American Water Works were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AWK. Centaurus Financial Inc. purchased a new position in American Water Works in the 2nd quarter worth about $126,000. Edge Wealth Management LLC purchased a new position in American Water Works in the 2nd quarter worth about $149,000. Rampart Investment Management Company LLC purchased a new position in American Water Works in the 2nd quarter worth about $155,000. Piedmont Investment Advisors LLC purchased a new position in American Water Works in the 2nd quarter worth about $178,000. Finally, Eqis Capital Management Inc. purchased a new position in American Water Works in the 2nd quarter worth about $203,000. 83.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on AWK shares. ValuEngine raised American Water Works from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Evercore ISI started coverage on American Water Works in a research note on Monday, September 17th. They issued an “outperform” rating and a $96.00 price target on the stock. Finally, Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $90.42.

In other American Water Works news, COO Walter Lynch sold 10,000 shares of American Water Works stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $89.57, for a total transaction of $895,700.00. Following the transaction, the chief operating officer now owns 112,031 shares of the company’s stock, valued at approximately $10,034,616.67. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Loyd A. Warnock sold 10,520 shares of American Water Works stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $87.86, for a total value of $924,287.20. Following the transaction, the senior vice president now directly owns 12,322 shares in the company, valued at approximately $1,082,610.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,634 shares of company stock worth $1,918,888. Company insiders own 0.35% of the company’s stock.

NYSE:AWK opened at $87.38 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.27 and a current ratio of 0.46. American Water Works Company Inc has a fifty-two week low of $76.04 and a fifty-two week high of $92.79. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 3.41 and a beta of 0.10.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The company had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $946.35 million. During the same quarter in the previous year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that American Water Works Company Inc will post 3.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.82 annualized dividend and a yield of 2.08%. American Water Works’s dividend payout ratio (DPR) is presently 60.07%.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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

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