American Water Works Company Inc (NYSE:AWK) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its holdings in American Water Works Company Inc (NYSE:AWK) by 14.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,043 shares of the utilities provider’s stock after selling 2,980 shares during the quarter. Pacer Advisors Inc.’s holdings in American Water Works were worth $1,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AWK. Barrett Asset Management LLC purchased a new stake in shares of American Water Works in the 1st quarter valued at approximately $25,000. Next Capital Management LLC grew its stake in shares of American Water Works by 145.8% during the second quarter. Next Capital Management LLC now owns 236 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 140 shares in the last quarter. Citizens Financial Group Inc RI purchased a new position in American Water Works in the first quarter valued at $30,000. Sandy Spring Bank purchased a new position in American Water Works in the first quarter valued at $37,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in American Water Works in the second quarter valued at $38,000. 85.08% of the stock is owned by institutional investors and hedge funds.

In other news, COO Walter Lynch sold 6,908 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $126.91, for a total value of $876,694.28. Following the completion of the sale, the chief operating officer now directly owns 113,574 shares of the company’s stock, valued at $14,413,676.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Mackenzie sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $129.18, for a total value of $1,291,800.00. Following the completion of the sale, the director now directly owns 25,338 shares of the company’s stock, valued at $3,273,162.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,931 shares of company stock worth $2,639,065. Corporate insiders own 0.36% of the company’s stock.



A number of analysts have issued reports on the company. Bank of America downgraded American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a report on Monday, July 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Thursday, May 16th. Finally, Wells Fargo & Co raised their target price on American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. American Water Works has an average rating of “Buy” and a consensus target price of $114.67.

Shares of American Water Works stock traded down $2.35 during trading hours on Tuesday, hitting $120.01. The company had a trading volume of 44,167 shares, compared to its average volume of 890,354. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.56 and a quick ratio of 0.53. The company’s 50-day moving average is $121.43 and its two-hundred day moving average is $112.57. The company has a market cap of $22.71 billion, a P/E ratio of 36.31, a price-to-earnings-growth ratio of 4.32 and a beta of 0.11. American Water Works Company Inc has a twelve month low of $85.88 and a twelve month high of $129.89.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.94 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. American Water Works had a net margin of 16.53% and a return on equity of 10.51%. The firm had revenue of $882.00 million for the quarter, compared to analyst estimates of $907.56 million. During the same period last year, the business earned $0.83 EPS. American Water Works’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts expect that American Water Works Company Inc will post 3.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Thursday, August 8th. American Water Works’s payout ratio is 60.61%.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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

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