American Water Works Company Inc (AWK) Holdings Trimmed by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC decreased its position in American Water Works Company Inc (NYSE:AWK) by 16.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,195 shares of the utilities provider’s stock after selling 837 shares during the period. HBK Sorce Advisory LLC’s holdings in American Water Works were worth $369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Braun Stacey Associates Inc. increased its holdings in American Water Works by 3.8% in the third quarter. Braun Stacey Associates Inc. now owns 52,535 shares of the utilities provider’s stock valued at $4,621,000 after buying an additional 1,917 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of American Water Works by 2.1% during the third quarter. State Treasurer State of Michigan now owns 53,828 shares of the utilities provider’s stock worth $4,735,000 after purchasing an additional 1,100 shares in the last quarter. Morgan Stanley increased its stake in shares of American Water Works by 6.6% during the second quarter. Morgan Stanley now owns 1,537,902 shares of the utilities provider’s stock worth $131,307,000 after purchasing an additional 94,686 shares in the last quarter. Bank of Montreal Can increased its stake in shares of American Water Works by 39.1% during the third quarter. Bank of Montreal Can now owns 331,623 shares of the utilities provider’s stock worth $29,172,000 after purchasing an additional 93,180 shares in the last quarter. Finally, Carillon Tower Advisers Inc. increased its stake in shares of American Water Works by 1,172.0% during the second quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock worth $26,092,000 after purchasing an additional 281,575 shares in the last quarter. 83.08% of the stock is owned by institutional investors.

In related news, COO Walter Lynch sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $91.69, for a total transaction of $458,450.00. Following the completion of the sale, the chief operating officer now owns 107,031 shares of the company’s stock, valued at approximately $9,813,672.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Karl F. Kurz acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average cost of $91.30 per share, with a total value of $91,300.00. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

AWK has been the subject of a number of research reports. Janney Montgomery Scott boosted their target price on shares of American Water Works from $96.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Friday, December 7th. ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Wells Fargo & Co boosted their target price on shares of American Water Works from $97.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Robert W. Baird raised shares of American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 target price for the company in a research note on Thursday, December 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $95.72.

AWK stock opened at $97.14 on Friday. The stock has a market cap of $17.54 billion, a PE ratio of 32.06, a P/E/G ratio of 3.78 and a beta of 0.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.46 and a quick ratio of 0.43. American Water Works Company Inc has a 52 week low of $76.04 and a 52 week high of $98.18.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The company had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $946.35 million. During the same quarter in the prior year, the company earned $1.08 EPS. American Water Works’s revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that American Water Works Company Inc will post 3.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $1.82 annualized dividend and a yield of 1.87%. American Water Works’s dividend payout ratio is presently 60.07%.

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American Water Works Profile

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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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

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