Bartlett & Co. LLC increased its holdings in American Water Works Company Inc (NYSE:AWK) by 622.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,500 shares of the utilities provider’s stock after acquiring an additional 5,600 shares during the period. Bartlett & Co. LLC’s holdings in American Water Works were worth $807,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in American Water Works by 17.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock valued at $1,017,533,000 after purchasing an additional 1,293,688 shares during the last quarter. BlackRock Inc. lifted its stake in American Water Works by 5.7% in the second quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock valued at $1,786,029,000 after purchasing an additional 827,507 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in American Water Works in the second quarter valued at approximately $59,360,000. Mirova lifted its stake in American Water Works by 2,355.8% in the second quarter. Mirova now owns 428,126 shares of the utilities provider’s stock valued at $49,663,000 after purchasing an additional 410,693 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in American Water Works by 23.4% in the second quarter. California Public Employees Retirement System now owns 1,370,379 shares of the utilities provider’s stock valued at $158,964,000 after purchasing an additional 259,864 shares during the last quarter. 85.09% of the stock is owned by institutional investors.

Several equities analysts recently commented on the company. Janney Montgomery Scott upped their price objective on American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Bank of America downgraded American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a research note on Monday, July 15th. They noted that the move was a valuation call. ValuEngine downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co upped their price objective on American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a research note on Wednesday, August 14th. Finally, Robert W. Baird upped their price objective on American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $129.60.

In other news, COO Walter Lynch sold 6,908 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $126.91, for a total value of $876,694.28. Following the transaction, the chief operating officer now owns 113,574 shares of the company’s stock, valued at $14,413,676.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George Mackenzie sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total transaction of $1,291,800.00. Following the completion of the transaction, the director now directly owns 25,338 shares in the company, valued at approximately $3,273,162.84. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

NYSE:AWK opened at $116.30 on Friday. The company has a market cap of $21.71 billion, a P/E ratio of 35.24, a P/E/G ratio of 4.13 and a beta of 0.06. The stock’s fifty day moving average price is $122.67 and its two-hundred day moving average price is $118.09. American Water Works Company Inc has a 1 year low of $85.89 and a 1 year high of $129.89. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.54 and a quick ratio of 0.51.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 earnings per share. On average, analysts expect that American Water Works Company Inc will post 3.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.72%. American Water Works’s payout ratio is currently 60.61%.

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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