American Water Works Company Inc (AWK) Shares Sold by BTR Capital Management Inc.

BTR Capital Management Inc. lessened its holdings in American Water Works Company Inc (NYSE:AWK) by 11.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 135,939 shares of the utilities provider’s stock after selling 17,835 shares during the period. American Water Works comprises 2.7% of BTR Capital Management Inc.’s holdings, making the stock its 10th biggest position. BTR Capital Management Inc. owned 0.08% of American Water Works worth $14,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. increased its stake in shares of American Water Works by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 12,063 shares of the utilities provider’s stock worth $1,095,000 after acquiring an additional 123 shares during the period. Chesley Taft & Associates LLC increased its stake in shares of American Water Works by 0.8% in the fourth quarter. Chesley Taft & Associates LLC now owns 15,860 shares of the utilities provider’s stock worth $1,440,000 after acquiring an additional 125 shares during the period. Parallel Advisors LLC increased its stake in shares of American Water Works by 6.3% in the fourth quarter. Parallel Advisors LLC now owns 2,135 shares of the utilities provider’s stock worth $193,000 after acquiring an additional 126 shares during the period. Resources Management Corp CT ADV increased its stake in shares of American Water Works by 21.3% in the fourth quarter. Resources Management Corp CT ADV now owns 770 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 135 shares during the period. Finally, Raymond James Trust N.A. increased its stake in shares of American Water Works by 1.1% in the fourth quarter. Raymond James Trust N.A. now owns 12,900 shares of the utilities provider’s stock worth $1,171,000 after acquiring an additional 137 shares during the period. 85.21% of the stock is owned by hedge funds and other institutional investors.

AWK has been the topic of a number of research reports. Zacks Investment Research reiterated a “buy” rating and issued a $104.00 price objective on shares of American Water Works in a research note on Monday, December 31st. Wells Fargo & Co reissued a “buy” rating on shares of American Water Works in a report on Wednesday, January 2nd. Bank of America increased their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, February 21st. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $102.00 price objective on shares of American Water Works in a report on Thursday, February 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $103.57.

Shares of NYSE AWK traded up $0.35 during mid-day trading on Friday, reaching $106.88. The company’s stock had a trading volume of 594,379 shares, compared to its average volume of 1,045,234. The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 3.62 and a beta of 0.25. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 1.29. American Water Works Company Inc has a 1-year low of $77.73 and a 1-year high of $107.94.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. American Water Works had a net margin of 16.48% and a return on equity of 10.36%. The firm had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $823.93 million. During the same period last year, the business earned $0.69 earnings per share. American Water Works’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that American Water Works Company Inc will post 3.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 13th will be given a dividend of $0.50 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 10th. American Water Works’s dividend payout ratio (DPR) is presently 55.15%.

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American Water Works Company 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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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

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