Atlantic Trust LLC Sells 796 Shares of American Water Works Company, Inc. (NYSE:AWK)

Atlantic Trust LLC cut its position in American Water Works Company, Inc. (NYSE:AWK) by 55.9% in the second quarter, HoldingsChannel.com reports. The firm owned 629 shares of the utilities provider’s stock after selling 796 shares during the period. Atlantic Trust LLC’s holdings in American Water Works were worth $219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in American Water Works by 12.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 177,811 shares of the utilities provider’s stock worth $27,406,000 after buying an additional 19,253 shares during the period. Buffington Mohr McNeal boosted its position in American Water Works by 11.9% in the 2nd quarter. Buffington Mohr McNeal now owns 12,635 shares of the utilities provider’s stock worth $1,947,000 after purchasing an additional 1,345 shares in the last quarter. Forsta AP Fonden boosted its position in American Water Works by 9.5% in the 1st quarter. Forsta AP Fonden now owns 35,600 shares of the utilities provider’s stock worth $5,337,000 after purchasing an additional 3,100 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in American Water Works by 12.9% in the 2nd quarter. Aptus Capital Advisors LLC now owns 28,751 shares of the utilities provider’s stock worth $4,431,000 after purchasing an additional 3,294 shares in the last quarter. Finally, Welch & Forbes LLC boosted its position in American Water Works by 4.1% in the 2nd quarter. Welch & Forbes LLC now owns 149,285 shares of the utilities provider’s stock worth $23,010,000 after purchasing an additional 5,839 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

A number of research analysts have recently issued reports on AWK shares. HSBC lowered American Water Works from a “buy” rating to a “hold” rating and increased their target price for the company from $181.00 to $190.00 in a research report on Wednesday, September 1st. They noted that the move was a valuation call. Bank of America lowered American Water Works from a “neutral” rating to an “underperform” rating and set a $178.00 target price on the stock. in a research report on Monday. US Capital Advisors downgraded American Water Works from an “overweight” rating to a “hold” rating in a research note on Friday, August 13th. Janney Montgomery Scott downgraded American Water Works from a “buy” rating to a “neutral” rating and increased their price objective for the company from $159.00 to $181.00 in a research note on Wednesday, August 4th. Finally, Barclays increased their price objective on American Water Works from $170.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, July 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus price target of $181.43.

American Water Works stock traded down $3.22 during midday trading on Monday, reaching $173.57. 6,838 shares of the stock traded hands, compared to its average volume of 862,112. The company has a 50-day simple moving average of $178.20 and a two-hundred day simple moving average of $162.75. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 1.55. The firm has a market cap of $31.50 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 5.40 and a beta of 0.23. American Water Works Company, Inc. has a 12-month low of $131.01 and a 12-month high of $189.35.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Sunday, August 1st. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $999.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. American Water Works had a return on equity of 11.42% and a net margin of 19.26%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts anticipate that American Water Works Company, Inc. will post 4.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Tuesday, August 10th were paid a dividend of $0.603 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 9th. This represents a $2.41 annualized dividend and a yield of 1.39%. American Water Works’s payout ratio is presently 61.79%.

About American Water Works

American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.

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

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