TD Asset Management Inc. grew its stake in shares of American Water Works Company Inc (NYSE:AWK) by 1.4% in the 1st quarter, HoldingsChannel reports. The fund owned 418,616 shares of the utilities provider’s stock after purchasing an additional 5,700 shares during the quarter. TD Asset Management Inc.’s holdings in American Water Works were worth $43,644,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of American Water Works by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 728,599 shares of the utilities provider’s stock valued at $75,964,000 after buying an additional 14,952 shares during the period. Garrison Point Advisors LLC boosted its stake in American Water Works by 2.5% during the 1st quarter. Garrison Point Advisors LLC now owns 15,690 shares of the utilities provider’s stock valued at $1,636,000 after purchasing an additional 390 shares during the period. Great Lakes Advisors LLC acquired a new position in American Water Works during the 1st quarter valued at about $317,000. ETF Managers Group LLC boosted its stake in American Water Works by 8.5% during the 1st quarter. ETF Managers Group LLC now owns 1,761 shares of the utilities provider’s stock valued at $184,000 after purchasing an additional 138 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in American Water Works by 86.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 35,999 shares of the utilities provider’s stock valued at $3,753,000 after purchasing an additional 16,726 shares during the period. 85.47% of the stock is owned by institutional investors.

Shares of AWK stock traded up $0.82 during midday trading on Wednesday, reaching $112.24. 5,369 shares of the company were exchanged, compared to its average volume of 1,010,670. American Water Works Company Inc has a 12 month low of $77.73 and a 12 month high of $112.60. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 3.85 and a beta of 0.25. The company has a current ratio of 0.32, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). American Water Works had a return on equity of 10.25% and a net margin of 16.44%. The business had revenue of $813.00 million during the quarter, compared to the consensus estimate of $792.73 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that American Water Works Company Inc will post 3.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 13th will be issued a $0.50 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, May 10th. American Water Works’s payout ratio is presently 60.61%.

In related news, EVP Michael A. Sgro sold 6,680 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $110.93, for a total value of $741,012.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Walter Lynch sold 18,545 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $111.15, for a total transaction of $2,061,276.75. Following the completion of the sale, the chief operating officer now owns 118,583 shares in the company, valued at $13,180,500.45. The disclosure for this sale can be found here. Insiders sold a total of 34,727 shares of company stock worth $3,857,391 over the last quarter. Insiders own 0.36% of the company’s stock.

AWK has been the topic of a number of recent analyst reports. Janney Montgomery Scott restated a “buy” rating and set a $102.00 price target on shares of American Water Works in a research report on Thursday, February 21st. Wells Fargo & Co restated a “buy” rating on shares of American Water Works in a research report on Wednesday, February 20th. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Thursday, May 16th. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research report on Thursday, May 2nd. Finally, Bank of America boosted their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, February 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.67.

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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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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

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