American Water Works (NYSE:AWK) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can cut its position in shares of American Water Works (NYSE:AWK) by 4.0% during the second quarter, Holdings Channel reports. The institutional investor owned 137,836 shares of the utilities provider’s stock after selling 5,721 shares during the period. Great West Life Assurance Co. Can’s holdings in American Water Works were worth $10,733,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Canada Pension Plan Investment Board increased its stake in American Water Works by 38.2% in the first quarter. Canada Pension Plan Investment Board now owns 242,110 shares of the utilities provider’s stock worth $18,829,000 after buying an additional 66,954 shares in the last quarter. Mason Street Advisors LLC increased its stake in American Water Works by 1.1% in the first quarter. Mason Street Advisors LLC now owns 24,628 shares of the utilities provider’s stock worth $1,915,000 after buying an additional 278 shares in the last quarter. British Columbia Investment Management Corp increased its stake in American Water Works by 13.6% in the first quarter. British Columbia Investment Management Corp now owns 227,282 shares of the utilities provider’s stock worth $17,676,000 after buying an additional 27,222 shares in the last quarter. Bank of Nova Scotia increased its stake in American Water Works by 943.7% in the first quarter. Bank of Nova Scotia now owns 40,810 shares of the utilities provider’s stock worth $3,173,000 after buying an additional 36,900 shares in the last quarter. Finally, National Investment Services Inc. WI acquired a new stake in American Water Works during the first quarter worth approximately $1,999,000. Institutional investors own 81.08% of the company’s stock.

Shares of American Water Works (NYSE:AWK) opened at 81.68 on Thursday. The firm has a market capitalization of $14.54 billion, a PE ratio of 30.81 and a beta of 0.25. The stock has a 50 day moving average price of $79.98 and a 200-day moving average price of $77.57. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.07. The firm had revenue of $844 million during the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. Equities analysts anticipate that American Water Works will post $3.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is currently 62.64%.

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AWK has been the topic of a number of research analyst reports. Robert W. Baird downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $69.41 to $82.00 in a research report on Wednesday, April 26th. Northcoast Research initiated coverage on American Water Works in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Tuesday, July 11th. Finally, Vetr upgraded American Water Works from a “hold” rating to a “buy” rating and set a $82.36 target price on the stock in a research report on Monday, May 1st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. American Water Works presently has a consensus rating of “Hold” and an average price target of $82.63.

In other American Water Works news, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $75.21, for a total value of $94,990.23. Following the transaction, the senior vice president now directly owns 7,055 shares of the company’s stock, valued at $530,606.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.

About American Water Works

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

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

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