BTIM Corp. Sells 50 Shares of American Water Works (AWK)

BTIM Corp. decreased its position in shares of American Water Works (NYSE:AWK) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,745 shares of the utilities provider’s stock after selling 50 shares during the period. BTIM Corp.’s holdings in American Water Works were worth $2,241,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pennsylvania Trust Co increased its position in American Water Works by 4.6% in the first quarter. Pennsylvania Trust Co now owns 9,101 shares of the utilities provider’s stock worth $708,000 after buying an additional 400 shares during the period. National Pension Service increased its position in American Water Works by 3.2% in the first quarter. National Pension Service now owns 157,938 shares of the utilities provider’s stock worth $12,161,000 after buying an additional 4,907 shares during the period. Gulf International Bank UK Ltd increased its position in American Water Works by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 57,882 shares of the utilities provider’s stock worth $4,501,000 after buying an additional 900 shares during the period. Charter Trust Co. increased its position in American Water Works by 35.2% in the first quarter. Charter Trust Co. now owns 6,456 shares of the utilities provider’s stock worth $502,000 after buying an additional 1,680 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in American Water Works by 4.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,761 shares of the utilities provider’s stock worth $12,113,000 after buying an additional 6,216 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Shares of American Water Works (NYSE AWK) traded up 0.14% on Friday, reaching $81.44. The company’s stock had a trading volume of 730,332 shares. The stock has a market cap of $14.52 billion, a PE ratio of 30.74 and a beta of 0.25. The firm has a 50 day moving average price of $80.19 and a 200-day moving average price of $78.00. American Water Works has a 12-month low of $69.41 and a 12-month high of $82.89.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The firm 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%. American Water Works’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. Equities research analysts expect that American Water Works will post $3.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is 62.64%.

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A number of equities analysts have issued reports on AWK shares. BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Vetr upgraded American Water Works from a “hold” rating to a “buy” rating and set a $82.36 price target for the company in a report on Monday, May 1st. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Tuesday, July 11th. Northcoast Research initiated coverage on American Water Works in a report on Thursday, May 25th. They set a “neutral” rating for the company. Finally, Robert W. Baird downgraded American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the company from $69.41 to $82.00 in a report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.63.

American Water Works Company Profile

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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