Cambiar Investors LLC Decreases Position in American Water Works (AWK)

Cambiar Investors LLC decreased its position in shares of American Water Works (NYSE:AWK) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 526,477 shares of the utilities provider’s stock after selling 13,470 shares during the period. Cambiar Investors LLC owned approximately 0.30% of American Water Works worth $41,039,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock worth $1,129,202,000 after buying an additional 13,566,529 shares during the last quarter. Vanguard Group Inc. increased its stake in American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock worth $1,378,085,000 after buying an additional 657,026 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in American Water Works by 7,096.4% in the second quarter. Harbour Capital Advisors LLC now owns 655,949 shares of the utilities provider’s stock worth $8,415,000 after buying an additional 646,834 shares during the last quarter. JPMorgan Chase & Co. increased its stake in American Water Works by 93.7% in the first quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock worth $66,985,000 after buying an additional 416,651 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in American Water Works during the first quarter worth about $28,092,000. 81.08% of the stock is currently owned by institutional investors.

American Water Works (AWK) traded down 0.79% on Friday, reaching $80.72. 497,234 shares of the company’s stock were exchanged. The firm has a market cap of $14.39 billion, a PE ratio of 30.47 and a beta of 0.25. The firm has a 50 day moving average price of $79.99 and a 200 day moving average price of $77.66. American Water Works has a one year low of $69.41 and a one year high of $82.89.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.80 by $0.07. The company had revenue of $844 million for the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. On average, equities analysts anticipate that American Water Works will post $3.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, August 7th. American Water Works’s payout ratio is 62.64%.

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A number of equities research analysts recently issued reports on AWK shares. Robert W. Baird downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the company from $69.41 to $82.00 in a research note on Wednesday, April 26th. Vetr raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $82.36 price target on the stock in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BidaskClub downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Northcoast Research began coverage on shares of American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. American Water Works presently has an average rating of “Hold” and a consensus target price of $82.63.

In related news, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $75.21, for a total transaction of $94,990.23. Following the completion of the sale, the senior vice president now directly owns 7,055 shares of the company’s stock, valued at approximately $530,606.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

About American Water Works

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

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

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