BTR Capital Management Inc. cut its position in shares of American Water Works (NYSE:AWK) by 3.1% during the third quarter, Holdings Channel reports. The institutional investor owned 105,250 shares of the company’s stock after selling 3,325 shares during the period. American Water Works comprises 1.8% of BTR Capital Management Inc.’s investment portfolio, making the stock its 20th largest position. BTR Capital Management Inc.’s holdings in American Water Works were worth $7,877,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AWK. Nisa Investment Advisors LLC raised its position in shares of American Water Works by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,310 shares of the company’s stock valued at $195,000 after buying an additional 10 shares in the last quarter. Cognios Capital LLC raised its position in shares of American Water Works by 0.3% in the second quarter. Cognios Capital LLC now owns 3,650 shares of the company’s stock valued at $308,000 after buying an additional 11 shares in the last quarter. Washington Trust Bank raised its position in shares of American Water Works by 1.0% in the third quarter. Washington Trust Bank now owns 2,093 shares of the company’s stock valued at $157,000 after buying an additional 21 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of American Water Works by 0.7% in the second quarter. Pacer Advisors Inc. now owns 3,323 shares of the company’s stock valued at $281,000 after buying an additional 24 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in shares of American Water Works by 0.5% in the second quarter. Johnson Investment Counsel Inc. now owns 6,012 shares of the company’s stock valued at $508,000 after buying an additional 27 shares in the last quarter. 79.10% of the stock is currently owned by institutional investors and hedge funds.

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

American Water Works (NYSE:AWK) traded up 1.382% during mid-day trading on Tuesday, hitting $75.935. 630,872 shares of the company’s stock were exchanged. The stock has a market capitalization of $13.52 billion, a P/E ratio of 29.217 and a beta of 0.23. American Water Works has a 52 week low of $56.40 and a 52 week high of $85.24. The firm has a 50 day moving average of $72.13 and a 200 day moving average of $76.07.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, November 2nd. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The firm earned $930 million during the quarter, compared to analysts’ expectations of $944.98 million. American Water Works had a net margin of 14.19% and a return on equity of 9.85%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. Equities analysts forecast that American Water Works will post $2.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, November 7th. American Water Works’s payout ratio is currently 57.47%.

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Several research analysts have recently commented on AWK shares. Bank of America Corp. raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the company from $77.00 to $84.00 in a report on Wednesday, November 9th. Vetr raised shares of American Water Works from a “buy” rating to a “strong-buy” rating and set a $79.67 price target for the company in a report on Thursday, November 10th. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Monday. Robert W. Baird started coverage on shares of American Water Works in a report on Friday, October 14th. They issued an “outperform” rating and a $82.00 price target for the company. Finally, Barclays PLC decreased their price target on shares of American Water Works from $87.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, September 6th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.08.

About American Water Works

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

5 Day Chart for NYSE:AWK

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