American Water Works Company Inc (NYSE:AWK) Shares Sold by Putnam FL Investment Management Co.

Putnam FL Investment Management Co. cut its stake in shares of American Water Works Company Inc (NYSE:AWK) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 147,581 shares of the utilities provider’s stock after selling 2,975 shares during the quarter. American Water Works comprises about 1.4% of Putnam FL Investment Management Co.’s investment portfolio, making the stock its 19th largest position. Putnam FL Investment Management Co. owned approximately 0.08% of American Water Works worth $17,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AWK. Tortoise Index Solutions LLC lifted its holdings in American Water Works by 3.1% in the 1st quarter. Tortoise Index Solutions LLC now owns 3,193 shares of the utilities provider’s stock valued at $333,000 after purchasing an additional 96 shares in the last quarter. Welch & Forbes LLC lifted its holdings in shares of American Water Works by 1.3% during the 1st quarter. Welch & Forbes LLC now owns 7,756 shares of the utilities provider’s stock worth $808,000 after acquiring an additional 100 shares during the period. Stephens Inc. AR lifted its holdings in shares of American Water Works by 1.1% during the 1st quarter. Stephens Inc. AR now owns 9,598 shares of the utilities provider’s stock worth $1,001,000 after acquiring an additional 103 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of American Water Works by 3.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 3,094 shares of the utilities provider’s stock worth $331,000 after acquiring an additional 106 shares during the period. Finally, Trust Co. of Vermont lifted its holdings in shares of American Water Works by 3.0% during the 1st quarter. Trust Co. of Vermont now owns 3,846 shares of the utilities provider’s stock worth $401,000 after acquiring an additional 113 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

In other American Water Works news, SVP Loyd A. Warnock sold 9,502 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $111.04, for a total value of $1,055,102.08. Following the sale, the senior vice president now directly owns 18,314 shares in the company, valued at $2,033,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan N. Story sold 28,457 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $113.84, for a total value of $3,239,544.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,556 shares of company stock valued at $7,477,635. 0.36% of the stock is currently owned by corporate insiders.

NYSE:AWK traded up $0.42 during trading hours on Tuesday, hitting $115.80. The stock had a trading volume of 36,295 shares, compared to its average volume of 931,449. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.56. American Water Works Company Inc has a 1-year low of $85.88 and a 1-year high of $119.30. The firm has a 50 day simple moving average of $116.50. The company has a market capitalization of $20.84 billion, a P/E ratio of 35.12, a PEG ratio of 4.04 and a beta of 0.17.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.94 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.94. American Water Works had a net margin of 16.53% and a return on equity of 10.51%. The business had revenue of $882.00 million during the quarter, compared to the consensus estimate of $907.56 million. During the same quarter last year, the company earned $0.83 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts expect that American Water Works Company Inc will post 3.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, August 8th. American Water Works’s dividend payout ratio is presently 60.61%.

Several research analysts have recently weighed in on the stock. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Janney Montgomery Scott reiterated a “buy” rating and set a $121.00 price objective (up from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Bank of America lowered shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a report on Monday, July 15th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “hold” rating on shares of American Water Works in a report on Monday, June 10th. Finally, Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $111.83.

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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