3,099 Shares in American Water Works (NYSE:AWK) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new position in American Water Works (NYSE:AWK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,099 shares of the utilities provider’s stock, valued at approximately $242,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its position in American Water Works by 349.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,045 shares during the last quarter. Parallel Advisors LLC increased its position in American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock worth $115,000 after buying an additional 294 shares during the last quarter. Van ECK Associates Corp increased its position in American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock worth $120,000 after buying an additional 236 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in American Water Works during the first quarter worth about $121,000. Finally, First National Trust Co. bought a new position in American Water Works during the first quarter worth about $203,000. 80.72% of the stock is owned by institutional investors.

Shares of American Water Works (NYSE:AWK) opened at 81.44 on Friday. The company’s 50 day moving average is $80.19 and its 200 day moving average is $78.00. The company has a market cap of $14.52 billion, a P/E ratio of 30.74 and a beta of 0.25. American Water Works has a 12 month low of $69.41 and a 12 month high of $82.89.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.80 by $0.07. The firm had revenue of $844 million for the quarter, compared to the consensus estimate 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 revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. On average, equities research analysts predict that American Water Works will post $3.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be paid a dividend of $0.415 per share. The ex-dividend date is Monday, August 7th. This represents a $1.66 annualized dividend and a dividend yield of 2.04%. American Water Works’s dividend payout ratio (DPR) is presently 62.64%.

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A number of research firms recently issued reports on AWK. Vetr raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $82.36 price target for the company in a research note on Monday, May 1st. BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, July 11th. Northcoast Research assumed coverage on shares of American Water Works in a research note on Thursday, May 25th. They set 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 target price for the company from $69.41 to $82.00 in a research note on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $82.63.

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.

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

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