American Water Works Company Inc (AWK) Holdings Trimmed by Baird Financial Group Inc.

Baird Financial Group Inc. lowered its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,542 shares of the utilities provider’s stock after selling 804 shares during the period. Baird Financial Group Inc.’s holdings in American Water Works were worth $7,918,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AWK. FMR LLC raised its stake in American Water Works by 21.0% during the 2nd quarter. FMR LLC now owns 99,455 shares of the utilities provider’s stock valued at $7,752,000 after acquiring an additional 17,293 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Water Works by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 423,534 shares of the utilities provider’s stock valued at $33,015,000 after acquiring an additional 5,062 shares in the last quarter. Meeder Asset Management Inc. raised its stake in American Water Works by 60.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,600 shares of the utilities provider’s stock valued at $615,000 after acquiring an additional 2,856 shares in the last quarter. APG Asset Management N.V. raised its stake in American Water Works by 6.8% during the 3rd quarter. APG Asset Management N.V. now owns 276,316 shares of the utilities provider’s stock valued at $22,357,000 after acquiring an additional 17,700 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in American Water Works by 3.6% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 31,328 shares of the utilities provider’s stock valued at $2,535,000 after acquiring an additional 1,079 shares in the last quarter. 81.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Water Works Company Inc (NYSE AWK) opened at $80.63 on Friday. American Water Works Company Inc has a 12 month low of $74.63 and a 12 month high of $92.37. The company has a quick ratio of 0.47, a current ratio of 0.31 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $14,059.18, a price-to-earnings ratio of 34.02, a PEG ratio of 3.24 and a beta of 0.14.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. American Water Works had a return on equity of 10.03% and a net margin of 12.69%. The company had revenue of $821.00 million for the quarter, compared to the consensus estimate of $843.36 million. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. research analysts forecast that American Water Works Company Inc will post 3.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, February 6th. American Water Works’s dividend payout ratio is presently 70.04%.

Several brokerages have weighed in on AWK. Robert W. Baird reaffirmed a “neutral” rating and set a $88.00 target price (down previously from $91.00) on shares of American Water Works in a research note on Thursday. Bank of America set a $84.00 target price on American Water Works and gave the company a “hold” rating in a research note on Thursday. Guggenheim downgraded American Water Works from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Tuesday, December 19th. Finally, Argus lifted their target price on American Water Works from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, December 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $90.01.

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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.

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

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