American Water Works Company, Inc. (NYSE:AWK) Stake Lessened by Resources Management Corp CT ADV

Resources Management Corp CT ADV cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 64.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 915 shares of the utilities provider’s stock after selling 1,653 shares during the period. Resources Management Corp CT ADV’s holdings in American Water Works were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AWK. Vanguard Group Inc. boosted its holdings in shares of American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after acquiring an additional 624,977 shares during the period. Impax Asset Management Group plc lifted its holdings in American Water Works by 3.7% in 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 during the period. Allspring Global Investments Holdings LLC boosted 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 in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of American Water Works by 945.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock valued at $238,397,000 after buying an additional 1,633,389 shares during the period. Finally, Mirova US LLC boosted its stake in American Water Works by 2.1% during the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after buying an additional 32,764 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Activity

In related news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. 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 stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Bank of America reaffirmed an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.29.

American Water Works Price Performance

Shares of AWK opened at $145.07 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64. The firm has a market cap of $28.26 billion, a PE ratio of 29.43, a PEG ratio of 3.49 and a beta of 0.69. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The firm’s 50 day moving average price is $143.62 and its 200 day moving average price is $132.24.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.765 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $3.06 annualized dividend and a yield of 2.11%. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

American Water Works Profile

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.