HL Financial Services LLC Has $1.49 Million Position in American Water Works (AWK)

HL Financial Services LLC boosted its stake in shares of American Water Works (NYSE:AWK) by 20.7% during the second quarter, Holdings Channel reports. The fund owned 19,083 shares of the utilities provider’s stock after buying an additional 3,274 shares during the period. HL Financial Services LLC’s holdings in American Water Works were worth $1,488,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pictet Asset Management Ltd. increased its position in shares of American Water Works by 3.2% in the second quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock valued at $313,105,000 after buying an additional 125,587 shares during the last quarter. Davis R M Inc. increased its position in shares of American Water Works by 12.4% in the second quarter. Davis R M Inc. now owns 339,496 shares of the utilities provider’s stock valued at $26,464,000 after buying an additional 37,406 shares during the last quarter. Perennial Advisors LLC increased its position in shares of American Water Works by 8.3% in the second quarter. Perennial Advisors LLC now owns 25,811 shares of the utilities provider’s stock valued at $2,012,000 after buying an additional 1,981 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of American Water Works by 0.3% in the second quarter. Retirement Systems of Alabama now owns 86,398 shares of the utilities provider’s stock valued at $6,735,000 after buying an additional 251 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of American Water Works by 4.1% in the second quarter. IFP Advisors Inc now owns 7,121 shares of the utilities provider’s stock valued at $555,000 after buying an additional 278 shares during the last quarter. 81.08% of the stock is owned by hedge funds and other institutional investors.

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

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 Zacks’ consensus estimate of $0.80 by $0.07. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The company had revenue of $844 million for the quarter, compared to the consensus estimate of $869.52 million. During the same quarter in the prior year, the company posted $0.77 EPS. American Water Works’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that American Water Works will post $3.01 earnings per share for the current year.

The business 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 dividend of $0.415 per share. The ex-dividend date is Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.03%. American Water Works’s dividend payout ratio is 62.64%.

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Several brokerages have commented on AWK. BidaskClub downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Vetr downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a report on Wednesday, June 14th. Northcoast Research began coverage on shares of American Water Works in a report on Thursday, May 25th. They issued a “neutral” rating for the company. Finally, Robert W. Baird downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the company from $69.41 to $82.00 in a report on Wednesday, April 26th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $82.63.

In related news, SVP Loyd A. Warnock sold 1,263 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total transaction of $94,990.23. Following the completion of the transaction, the senior vice president now owns 7,055 shares in the company, valued at $530,606.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

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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