Forsta AP Fonden Sells 3,900 Shares of American Water Works Company, Inc. (NYSE:AWK)

Forsta AP Fonden lowered its stake in American Water Works Company, Inc. (NYSE:AWK) by 11.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,500 shares of the utilities provider’s stock after selling 3,900 shares during the quarter. Forsta AP Fonden’s holdings in American Water Works were worth $3,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in American Water Works by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after buying an additional 624,977 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after purchasing an additional 247,745 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in American Water Works by 1.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,143,437 shares of the utilities provider’s stock valued at $261,949,000 after purchasing an additional 25,887 shares during the period. Norges Bank purchased a new position in American Water Works in the 4th quarter worth approximately $275,476,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in American Water Works by 945.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock worth $238,397,000 after purchasing an additional 1,633,389 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

NYSE AWK opened at $148.13 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $149.00. The business has a 50 day simple moving average of $141.76 and a two-hundred day simple moving average of $130.83. The stock has a market capitalization of $28.86 billion, a PE ratio of 30.05, a P/E/G ratio of 3.49 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts predict that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.765 per share. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 annualized dividend and a yield of 2.07%. American Water Works’s payout ratio is currently 62.07%.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus target price of $135.60.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.