Gulf International Bank UK Ltd boosted its position in American Water Works Company Inc (NYSE:AWK) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,824 shares of the utilities provider’s stock after purchasing an additional 1,800 shares during the quarter. Gulf International Bank UK Ltd’s holdings in American Water Works were worth $5,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Cadence Capital Management LLC grew its holdings in shares of American Water Works by 26.3% during the 3rd quarter. Cadence Capital Management LLC now owns 3,342 shares of the utilities provider’s stock worth $294,000 after purchasing an additional 696 shares during the period. Wells Fargo & Company MN grew its holdings in shares of American Water Works by 3.7% during the 3rd quarter. Wells Fargo & Company MN now owns 3,799,156 shares of the utilities provider’s stock worth $334,212,000 after purchasing an additional 135,184 shares during the period. Pettee Investors Inc. grew its holdings in shares of American Water Works by 25.3% during the 3rd quarter. Pettee Investors Inc. now owns 5,812 shares of the utilities provider’s stock worth $511,000 after purchasing an additional 1,175 shares during the period. Copeland Capital Management LLC grew its holdings in shares of American Water Works by 0.5% during the 3rd quarter. Copeland Capital Management LLC now owns 159,277 shares of the utilities provider’s stock worth $14,011,000 after purchasing an additional 851 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of American Water Works by 42.1% during the 3rd quarter. Private Advisor Group LLC now owns 21,772 shares of the utilities provider’s stock worth $1,915,000 after purchasing an additional 6,448 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Shares of American Water Works stock opened at $89.61 on Friday. American Water Works Company Inc has a 12 month low of $76.04 and a 12 month high of $92.79. The stock has a market cap of $16.05 billion, a P/E ratio of 26.85, a PEG ratio of 3.46 and a beta of 0.10. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.46 and a quick ratio of 0.43.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $946.35 million. During the same period last year, the business posted $1.08 EPS. American Water Works’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts expect that American Water Works Company Inc will post 3.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, November 8th. American Water Works’s dividend payout ratio (DPR) is 60.07%.

AWK has been the subject of a number of research analyst reports. ValuEngine upgraded American Water Works from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Evercore ISI initiated coverage on American Water Works in a report on Monday, September 17th. They set an “outperform” rating and a $96.00 price target for the company. Finally, Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Five equities research 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 an average target price of $90.42.

In related news, SVP Loyd A. Warnock sold 10,520 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the completion of the transaction, the senior vice president now directly owns 12,322 shares in the company, valued at approximately $1,082,610.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Walter Lynch sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total value of $895,700.00. Following the transaction, the chief operating officer now owns 112,031 shares of the company’s stock, valued at $10,034,616.67. The disclosure for this sale can be found here. Insiders have sold a total of 21,634 shares of company stock valued at $1,918,888 over the last 90 days. 0.35% of the stock is currently owned by company 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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