Country Trust Bank Sells 62,704 Shares of American Water Works Company Inc (AWK)

Country Trust Bank lowered its position in American Water Works Company Inc (NYSE:AWK) by 25.1% in the fourth quarter, Holdings Channel reports. The fund owned 187,604 shares of the utilities provider’s stock after selling 62,704 shares during the period. Country Trust Bank’s holdings in American Water Works were worth $17,164,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Jaffetilchin Investment Partners LLC purchased a new position in American Water Works in the fourth quarter worth approximately $401,000. Aurora Investment Counsel purchased a new position in American Water Works in the fourth quarter worth approximately $2,210,000. Neville Rodie & Shaw Inc. purchased a new position in American Water Works in the fourth quarter worth approximately $235,000. Parametric Portfolio Associates LLC lifted its stake in American Water Works by 12.8% in the third quarter. Parametric Portfolio Associates LLC now owns 319,068 shares of the utilities provider’s stock worth $25,816,000 after acquiring an additional 36,192 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in American Water Works in the third quarter worth approximately $383,000. Institutional investors own 80.79% of the company’s stock.

In related news, insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the sale, the insider now owns 3,659 shares in the company, valued at approximately $328,395.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael A. Sgro sold 841 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. Insiders have sold a total of 6,856 shares of company stock valued at $616,700 in the last 90 days. Insiders own 0.34% of the company’s stock.

A number of research analysts recently issued reports on the stock. Bank of America downgraded shares of American Water Works from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $85.70 to $91.00 in a research note on Thursday. Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday. Guggenheim downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Argus boosted their price objective on shares of American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Finally, Robert W. Baird boosted their price objective on shares of American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. American Water Works currently has a consensus rating of “Hold” and a consensus price target of $90.01.

Shares of American Water Works Company Inc (NYSE:AWK) traded down $1.18 during trading hours on Thursday, hitting $84.52. 769,987 shares of the stock traded hands, compared to its average volume of 1,019,686. The stock has a market cap of $15,060.00, a P/E ratio of 28.65, a PEG ratio of 3.55 and a beta of 0.27. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. American Water Works Company Inc has a twelve month low of $69.96 and a twelve month high of $92.37.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. equities research analysts expect that American Water Works Company Inc will post 3.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 annualized dividend and a dividend yield of 1.96%. American Water Works’s dividend payout ratio is presently 56.27%.

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American Water Works Company Profile

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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