American Water Works Company Inc (NYSE:AWK) Position Boosted by Harwood Advisory Group LLC

Harwood Advisory Group LLC raised its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,102 shares of the utilities provider’s stock after acquiring an additional 1,513 shares during the quarter. Harwood Advisory Group LLC’s holdings in American Water Works were worth $1,288,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Braun Stacey Associates Inc. grew its stake in shares of American Water Works by 4.9% in the 2nd quarter. Braun Stacey Associates Inc. now owns 67,829 shares of the utilities provider’s stock valued at $7,868,000 after buying an additional 3,190 shares in the last quarter. Davis R M Inc. grew its stake in shares of American Water Works by 0.8% in the 2nd quarter. Davis R M Inc. now owns 456,143 shares of the utilities provider’s stock valued at $52,913,000 after buying an additional 3,514 shares in the last quarter. Signaturefd LLC grew its stake in shares of American Water Works by 11.7% in the 2nd quarter. Signaturefd LLC now owns 1,702 shares of the utilities provider’s stock valued at $197,000 after buying an additional 178 shares in the last quarter. DNB Asset Management AS grew its stake in shares of American Water Works by 56.0% in the 2nd quarter. DNB Asset Management AS now owns 41,679 shares of the utilities provider’s stock valued at $4,835,000 after buying an additional 14,963 shares in the last quarter. Finally, Weaver Consulting Group bought a new stake in shares of American Water Works in the 1st quarter valued at approximately $76,000. 84.51% of the stock is currently owned by institutional investors.

In other news, SVP Loyd A. Warnock sold 4,023 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $116.97, for a total transaction of $470,570.31. Following the completion of the transaction, the senior vice president now directly owns 11,895 shares in the company, valued at $1,391,358.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Walter Lynch sold 3,372 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $112.90, for a total value of $380,698.80. Following the transaction, the chief operating officer now owns 106,666 shares of the company’s stock, valued at $12,042,591.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,852 shares of company stock valued at $4,090,814. Corporate insiders own 0.36% of the company’s stock.

Several brokerages recently commented on AWK. Bank of America cut American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Monday, July 15th. They noted that the move was a valuation call. Wells Fargo & Co boosted their price target on American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a research note on Wednesday, August 14th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a report on Thursday, May 16th. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $121.00 target price (up from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $114.67.

AWK traded down $1.89 on Friday, hitting $122.81. The company had a trading volume of 821,409 shares, compared to its average volume of 965,053. The company’s fifty day moving average price is $118.35 and its 200 day moving average price is $110.15. American Water Works Company Inc has a 1-year low of $85.88 and a 1-year high of $125.89. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.56 and a quick ratio of 0.53. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 4.29 and a beta of 0.17.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.94 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. American Water Works had a return on equity of 10.51% and a net margin of 16.53%. The firm had revenue of $882.00 million during the quarter, compared to analyst estimates of $907.56 million. During the same period in the previous year, the company earned $0.83 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast that American Water Works Company Inc will post 3.6 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $2.00 annualized dividend and a yield of 1.63%. American Water Works’s dividend payout ratio (DPR) is currently 60.61%.

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 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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