Dark Forest Capital Management LP Sells 1,189 Shares of American Water Works Company, Inc. (NYSE:AWK)

Dark Forest Capital Management LP decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 28.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,960 shares of the utilities provider’s stock after selling 1,189 shares during the quarter. Dark Forest Capital Management LP’s holdings in American Water Works were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. 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 acquiring an additional 624,977 shares during the last quarter. Edgestream Partners L.P. increased its stake in American Water Works by 153.8% in the 1st quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider’s stock worth $1,667,000 after acquiring an additional 8,266 shares during the last quarter. Duality Advisers LP increased its stake in American Water Works by 202.2% in the 1st quarter. Duality Advisers LP now owns 46,633 shares of the utilities provider’s stock worth $5,699,000 after acquiring an additional 31,203 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased 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 acquiring an additional 1,633,389 shares during the last quarter. Finally, Parsifal Capital Management LP bought a new position in shares of American Water Works during the 4th quarter valued at approximately $44,441,000. Institutional investors own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Finally, Bank of America reissued an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $140.29.

American Water Works Price Performance

Shares of AWK stock opened at $144.93 on Friday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The stock has a fifty day simple moving average of $143.77 and a two-hundred day simple moving average of $132.67. The stock has a market capitalization of $28.24 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 3.55 and a beta of 0.69.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company posted $1.44 EPS. American Water Works’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works’s payout ratio is 62.07%.

American Water Works Company 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.