American Water Works Company Inc (AWK) Stake Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of American Water Works Company Inc (NYSE:AWK) by 148.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,358 shares of the utilities provider’s stock after purchasing an additional 46,248 shares during the period. Teacher Retirement System of Texas’ holdings in American Water Works were worth $7,077,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in American Water Works by 21.0% during the 2nd quarter. FMR LLC now owns 99,455 shares of the utilities provider’s stock worth $7,752,000 after acquiring an additional 17,293 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Water Works by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 423,534 shares of the utilities provider’s stock worth $33,015,000 after acquiring an additional 5,062 shares in the last quarter. WINTON GROUP Ltd raised its stake in American Water Works by 3.0% during the 2nd quarter. WINTON GROUP Ltd now owns 44,813 shares of the utilities provider’s stock worth $3,493,000 after acquiring an additional 1,303 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in American Water Works during the 2nd quarter worth $733,000. Finally, Cetera Investment Advisers raised its stake in American Water Works by 43.4% during the 2nd quarter. Cetera Investment Advisers now owns 5,108 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 1,547 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

American Water Works Company Inc (NYSE AWK) opened at $78.33 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. The company has a market cap of $14,050.63, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 3.23 and a beta of 0.14. American Water Works Company Inc has a one year low of $71.89 and a one year high of $92.37.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a $0.415 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 dividend on an annualized basis and a yield of 2.12%. American Water Works’s dividend payout ratio is presently 56.27%.

Several brokerages recently commented on AWK. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. Bank of America began coverage on shares of American Water Works in a research note on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target on the stock. Wells Fargo & Co set a $89.00 price target on shares of American Water Works and gave the stock a “hold” rating in a research note on Thursday, October 19th. Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.86.

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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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