BRYN MAWR TRUST Co Increases Position in American Water Works (AWK)

BRYN MAWR TRUST Co increased its stake in shares of American Water Works (NYSE:AWK) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,307 shares of the utilities provider’s stock after acquiring an additional 1,215 shares during the quarter. BRYN MAWR TRUST Co’s holdings in American Water Works were worth $6,338,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Swiss National Bank increased its position in American Water Works by 3.1% during the second quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock worth $54,715,000 after acquiring an additional 21,000 shares during the period. Scout Investments Inc. increased its position in American Water Works by 5.7% during the second quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock worth $40,561,000 after acquiring an additional 28,279 shares during the period. Mason Street Advisors LLC increased its position in American Water Works by 1.1% during the first quarter. Mason Street Advisors LLC now owns 24,628 shares of the utilities provider’s stock worth $1,915,000 after acquiring an additional 278 shares during the period. Bank of Nova Scotia increased its position in American Water Works by 943.7% during the first quarter. Bank of Nova Scotia now owns 40,810 shares of the utilities provider’s stock worth $3,173,000 after acquiring an additional 36,900 shares during the period. Finally, Prudential Financial Inc. increased its position in American Water Works by 1.3% during the second quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock worth $20,039,000 after acquiring an additional 3,368 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

In other American Water Works news, COO Walter Lynch sold 3,335 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the transaction, the chief operating officer now owns 94,702 shares in the company, valued at approximately $7,770,299.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

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Shares of American Water Works (NYSE:AWK) traded down 0.974% during midday trading on Monday, reaching $81.875. 158,105 shares of the company’s stock traded hands. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 30.908 and a beta of 0.25. American Water Works has a 52-week low of $69.41 and a 52-week high of $83.06. The stock has a 50 day moving average of $81.51 and a 200-day moving average of $79.10.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.07). The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. On average, equities research analysts expect that American Water Works will post $3.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 9th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, August 7th. American Water Works’s payout ratio is 62.64%.

AWK has been the topic of a number of research reports. Northcoast Research initiated coverage on shares of American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. 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 lowered shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. American Water Works has a consensus rating of “Hold” and an average target price of $82.86.

About American Water Works

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.

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

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