American Water Works Company, Inc. (NYSE:AWK) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 656,888 shares of the utilities provider’s stock after selling 24,373 shares during the period. APG Asset Management N.V.’s holdings in American Water Works were worth $85,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AWK. Mercer Global Advisors Inc. ADV grew its holdings in American Water Works by 9.4% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 4,792 shares of the utilities provider’s stock valued at $718,000 after purchasing an additional 413 shares in the last quarter. Quilter Plc grew its holdings in American Water Works by 8.1% during the 1st quarter. Quilter Plc now owns 104,507 shares of the utilities provider’s stock valued at $15,668,000 after purchasing an additional 7,859 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in American Water Works by 16.0% during the 1st quarter. JPMorgan Chase & Co. now owns 587,957 shares of the utilities provider’s stock valued at $88,144,000 after purchasing an additional 81,306 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in American Water Works by 15.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,506 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 200 shares in the last quarter. Finally, Waddell & Reed Financial Inc. grew its holdings in American Water Works by 6.0% during the 1st quarter. Waddell & Reed Financial Inc. now owns 18,308 shares of the utilities provider’s stock valued at $2,745,000 after purchasing an additional 1,044 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on AWK. US Capital Advisors lowered shares of American Water Works from an “overweight” rating to a “hold” rating in a report on Friday, August 13th. Bank of America lowered shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $178.00 price objective for the company. in a report on Monday, September 27th. Argus raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Friday, August 6th. HSBC lowered shares of American Water Works from a “buy” rating to a “hold” rating and raised their price objective for the stock from $181.00 to $190.00 in a report on Wednesday, September 1st. They noted that the move was a valuation call. Finally, Barclays raised their price objective on shares of American Water Works from $170.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, American Water Works currently has an average rating of “Hold” and an average target price of $181.43.

American Water Works stock opened at $169.40 on Thursday. The firm’s 50-day moving average is $178.47 and its 200-day moving average is $165.24. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.89 and a current ratio of 0.92. American Water Works Company, Inc. has a 1 year low of $131.01 and a 1 year high of $189.35. The company has a market cap of $30.75 billion, a P/E ratio of 41.02, a PEG ratio of 5.40 and a beta of 0.23.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Sunday, August 1st. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. American Water Works had a net margin of 19.26% and a return on equity of 11.42%. The company had revenue of $999.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 4.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Tuesday, August 10th were given a $0.603 dividend. The ex-dividend date of this dividend was Monday, August 9th. This is an increase from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.41 annualized dividend and a yield of 1.42%. American Water Works’s dividend payout ratio (DPR) is currently 61.79%.

About American Water Works

American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.

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

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