American Water Works (AWK) Stake Increased by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in shares of American Water Works (NYSE:AWK) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,680,122 shares of the utilities provider’s stock after buying an additional 12,280 shares during the quarter. Franklin Resources Inc. owned about 1.51% of American Water Works worth $208,915,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Focused Wealth Management Inc grew its position in shares of American Water Works by 0.3% during the 1st quarter. Focused Wealth Management Inc now owns 4,367 shares of the utilities provider’s stock worth $340,000 after buying an additional 13 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of American Water Works by 0.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,757 shares of the utilities provider’s stock worth $293,000 after buying an additional 13 shares during the period. Day & Ennis LLC grew its position in shares of American Water Works by 0.4% during the 1st quarter. Day & Ennis LLC now owns 3,329 shares of the utilities provider’s stock worth $259,000 after buying an additional 14 shares during the period. Clifford Swan Investment Counsel LLC grew its position in shares of American Water Works by 0.5% during the 1st quarter. Clifford Swan Investment Counsel LLC now owns 9,183 shares of the utilities provider’s stock worth $714,000 after buying an additional 43 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in shares of American Water Works by 0.5% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,253 shares of the utilities provider’s stock worth $720,000 after buying an additional 50 shares during the period. 79.93% of the stock is owned by institutional investors.

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Shares of American Water Works (NYSE AWK) opened at 81.96 on Friday. The firm has a market cap of $14.61 billion, a P/E ratio of 30.94 and a beta of 0.25. The company has a 50-day moving average of $81.36 and a 200 day moving average of $78.86. American Water Works has a 52-week low of $69.41 and a 52-week high of $82.89.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The firm had revenue of $844 million during the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. American Water Works’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. On average, equities analysts expect that American Water Works will post $3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 9th were paid a $0.415 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.66 annualized dividend and a yield of 2.03%. American Water Works’s payout ratio is 62.64%.

Several analysts have recently commented on AWK shares. Northcoast Research started coverage on shares of American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Vetr downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective for the company. in a research report on Wednesday, June 14th. Finally, BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $82.86.

In related news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the sale, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

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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