Cambridge Investment Research Advisors Inc. lowered its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,027 shares of the utilities provider’s stock after selling 776 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in American Water Works were worth $1,674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in American Water Works by 3.7% in the third quarter. Wells Fargo & Company MN now owns 3,799,156 shares of the utilities provider’s stock valued at $334,212,000 after purchasing an additional 135,184 shares in the last quarter. Pettee Investors Inc. grew its stake in American Water Works by 25.3% in the third quarter. Pettee Investors Inc. now owns 5,812 shares of the utilities provider’s stock valued at $511,000 after purchasing an additional 1,175 shares in the last quarter. Copeland Capital Management LLC grew its stake in American Water Works by 0.5% in the third quarter. Copeland Capital Management LLC now owns 159,277 shares of the utilities provider’s stock valued at $14,011,000 after purchasing an additional 851 shares in the last quarter. Private Advisor Group LLC grew its stake in American Water Works by 42.1% in the third quarter. Private Advisor Group LLC now owns 21,772 shares of the utilities provider’s stock valued at $1,915,000 after purchasing an additional 6,448 shares in the last quarter. Finally, First Personal Financial Services grew its stake in American Water Works by 4.5% in the third quarter. First Personal Financial Services now owns 59,793 shares of the utilities provider’s stock valued at $5,260,000 after purchasing an additional 2,585 shares in the last quarter. 82.86% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Finally, Evercore ISI assumed coverage on American Water Works in a research note on Monday, September 17th. They issued an “outperform” rating and a $96.00 price target for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. American Water Works presently has a consensus rating of “Buy” and a consensus price target of $90.62.

Shares of NYSE AWK opened at $93.25 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 1.29. American Water Works Company Inc has a 12 month low of $76.04 and a 12 month high of $93.55. The company has a market cap of $16.84 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 3.63 and a beta of 0.10.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $946.35 million. During the same period in the previous year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts expect that American Water Works Company Inc will post 3.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders 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 dividend yield of 1.95%. American Water Works’s dividend payout ratio is currently 60.07%.

In related news, COO Walter Lynch sold 10,000 shares of American Water Works stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $89.57, for a total transaction of $895,700.00. Following the completion of the sale, the chief operating officer now directly owns 112,031 shares of the company’s stock, valued at approximately $10,034,616.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Loyd A. Warnock sold 10,520 shares of American Water Works stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $87.86, for a total value of $924,287.20. Following the sale, the senior vice president now directly owns 12,322 shares of the company’s stock, valued at $1,082,610.92. The disclosure for this sale can be found here. Insiders have sold a total of 25,520 shares of company stock valued at $2,278,437 over the last quarter. 0.35% of the stock is currently owned by corporate insiders.

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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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