Westpac Banking Corp decreased its position in American Water Works Company Inc (NYSE:AWK) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,245 shares of the utilities provider’s stock after selling 944 shares during the period. Westpac Banking Corp owned approximately 0.09% of American Water Works worth $18,356,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Weaver Consulting Group acquired a new position in shares of American Water Works during the first quarter valued at about $76,000. DNB Asset Management AS raised its holdings in shares of American Water Works by 56.0% during the second quarter. DNB Asset Management AS now owns 41,679 shares of the utilities provider’s stock valued at $4,835,000 after purchasing an additional 14,963 shares during the period. Patten & Patten Inc. TN raised its holdings in shares of American Water Works by 11.0% during the second quarter. Patten & Patten Inc. TN now owns 20,980 shares of the utilities provider’s stock valued at $2,434,000 after purchasing an additional 2,075 shares during the period. Quantamental Technologies LLC acquired a new position in shares of American Water Works during the first quarter valued at about $483,000. Finally, Weiss Asset Management LP acquired a new position in shares of American Water Works during the first quarter valued at about $209,000. Institutional investors and hedge funds own 84.23% of the company’s stock.

In other American Water Works news, SVP Loyd A. Warnock sold 4,023 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $116.97, for a total value of $470,570.31. Following the completion of the sale, the senior vice president now directly owns 11,895 shares of the company’s stock, valued at approximately $1,391,358.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Loyd A. Warnock sold 9,502 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $111.04, for a total transaction of $1,055,102.08. Following the completion of the sale, the senior vice president now directly owns 18,314 shares of the company’s stock, valued at $2,033,586.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,579 shares of company stock valued at $7,948,205. 0.36% of the stock is currently owned by insiders.

Shares of NYSE:AWK traded down $0.35 during midday trading on Tuesday, hitting $122.16. 36,737 shares of the company’s stock were exchanged, compared to its average volume of 940,230. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43. The business’s 50 day moving average price is $116.81. The stock has a market cap of $22.13 billion, a P/E ratio of 37.00, a PEG ratio of 4.15 and a beta of 0.17. American Water Works Company Inc has a 12 month low of $85.88 and a 12 month high of $121.30.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, August 8th. American Water Works’s payout ratio is presently 60.61%.

Several equities analysts have recently weighed in on AWK shares. 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. Janney Montgomery Scott reiterated a “buy” rating and set a $121.00 price objective (up previously from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Wells Fargo & Co reiterated a “hold” rating on shares of American Water Works in a report on Monday, June 10th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $111.83.

About American Water Works

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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