Profund Advisors LLC lessened its stake in American Water Works Company Inc (NYSE:AWK) by 25.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,107 shares of the utilities provider’s stock after selling 4,035 shares during the period. Profund Advisors LLC’s holdings in American Water Works were worth $994,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AWK. Rockefeller Capital Management L.P. bought a new position in American Water Works in the 1st quarter worth approximately $61,281,000. Zimmer Partners LP raised its position in American Water Works by 284.5% in the 4th quarter. Zimmer Partners LP now owns 932,500 shares of the utilities provider’s stock worth $85,314,000 after purchasing an additional 690,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in American Water Works in the 4th quarter worth approximately $53,365,000. Wells Fargo & Company MN raised its position in American Water Works by 11.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,051,998 shares of the utilities provider’s stock worth $279,228,000 after purchasing an additional 303,098 shares during the last quarter. Finally, BlackRock Inc. raised its position in American Water Works by 2.1% in the 4th quarter. BlackRock Inc. now owns 13,263,914 shares of the utilities provider’s stock worth $1,213,515,000 after purchasing an additional 276,485 shares during the last quarter. Hedge funds and other institutional investors own 84.03% of the company’s stock.

AWK has been the subject of several research analyst reports. Bank of America set a $84.00 price objective on shares of American Water Works and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Robert W. Baird reaffirmed a “neutral” rating and set a $88.00 target price (down previously from $91.00) on shares of American Water Works in a report on Thursday, February 22nd. Guggenheim reaffirmed a “hold” rating and set a $82.00 target price on shares of American Water Works in a report on Friday, February 23rd. Wells Fargo & Co raised shares of American Water Works from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $80.63 to $88.00 in a report on Monday, February 26th. Finally, UBS Group began coverage on shares of American Water Works in a report on Thursday, March 8th. They set a “buy” rating and a $89.00 target price for the company. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.52.

In other news, EVP Michael A. Sgro sold 16,026 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $80.54, for a total transaction of $1,290,734.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Loyd A. Warnock sold 2,870 shares of the firm’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $81.45, for a total transaction of $233,761.50. Following the transaction, the senior vice president now directly owns 14,410 shares of the company’s stock, valued at approximately $1,173,694.50. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

AWK opened at $79.48 on Wednesday. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 3.08 and a beta of 0.15. American Water Works Company Inc has a 52 week low of $76.04 and a 52 week high of $92.37. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.29 and a quick ratio of 0.27.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The firm had revenue of $761.00 million during the quarter, compared to the consensus estimate of $726.74 million. American Water Works had a net margin of 13.06% and a return on equity of 10.20%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. equities analysts expect that American Water Works Company Inc will post 3.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 11th were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.82 annualized dividend and a dividend yield of 2.29%. This is an increase from American Water Works’s previous quarterly dividend of $0.42. 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.

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

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