Texas Permanent School Fund Sells 1,253 Shares of American Water Works Company Inc (AWK)

Texas Permanent School Fund cut its position in shares of American Water Works Company Inc (NYSE:AWK) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,071 shares of the utilities provider’s stock after selling 1,253 shares during the period. Texas Permanent School Fund’s holdings in American Water Works Company were worth $4,050,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. WMS Partners LLC raised its stake in American Water Works Company by 16.9% in the third quarter. WMS Partners LLC now owns 9,236 shares of the utilities provider’s stock worth $691,000 after buying an additional 1,336 shares during the last quarter. Pictet North America Advisors SA raised its stake in American Water Works Company by 24.3% in the third quarter. Pictet North America Advisors SA now owns 13,740 shares of the utilities provider’s stock worth $1,028,000 after buying an additional 2,690 shares during the last quarter. Sigma Planning Corp raised its stake in American Water Works Company by 38.3% in the third quarter. Sigma Planning Corp now owns 14,826 shares of the utilities provider’s stock worth $1,110,000 after buying an additional 4,102 shares during the last quarter. IndexIQ Advisors LLC raised its stake in American Water Works Company by 66.2% in the third quarter. IndexIQ Advisors LLC now owns 50,071 shares of the utilities provider’s stock worth $3,747,000 after buying an additional 19,942 shares during the last quarter. Finally, Wealthsource Partners LLC raised its stake in American Water Works Company by 36.8% in the third quarter. Wealthsource Partners LLC now owns 9,263 shares of the utilities provider’s stock worth $693,000 after buying an additional 2,492 shares during the last quarter. 81.00% of the stock is currently owned by hedge funds and other institutional investors.

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

American Water Works Company (NYSE:AWK) last posted its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. American Water Works Company had a net margin of 14.19% and a return on equity of 9.85%. The firm had revenue of $756 million during the quarter, compared to analyst estimates of $759.54 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue was up 1.7% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Friday, May 5th will be paid a $0.415 dividend. This is a positive change from American Water Works Company’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $1.66 dividend on an annualized basis and a yield of 2.21%. American Water Works Company’s dividend payout ratio (DPR) is currently 57.47%.

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A number of equities research analysts recently issued reports on the company. Robert W. Baird lowered American Water Works Company from an “outperform” rating to a “neutral” rating and upped their target price for the company from $69.41 to $82.00 in a research note on Wednesday, April 26th. Zacks Investment Research lowered American Water Works Company from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Vetr raised American Water Works Company from a “hold” rating to a “buy” rating and set a $82.36 target price on the stock in a research note on Monday, May 1st. Finally, HSBC Holdings plc lowered American Water Works Company from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research note on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $82.60.

In related news, SVP Mark F. Strauss sold 13,011 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $77.57, for a total value of $1,009,263.27. Following the completion of the transaction, the senior vice president now owns 48,135 shares of the company’s stock, valued at approximately $3,733,831.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Loyd A. Warnock sold 2,236 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.73, for a total transaction of $169,332.28. The disclosure for this sale can be found here. Insiders sold a total of 15,309 shares of company stock valued at $1,183,324 in the last ninety days. Company insiders own 0.32% of the company’s stock.

American Water Works Company 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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