Allworth Financial LP Has $442,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Allworth Financial LP lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.3% in the third quarter, HoldingsChannel reports. The firm owned 3,020 shares of the utilities provider’s stock after selling 168 shares during the period. Allworth Financial LP’s holdings in American Water Works were worth $442,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AWK. Miracle Mile Advisors LLC grew its holdings in American Water Works by 6.3% during the first quarter. Miracle Mile Advisors LLC now owns 2,712 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 161 shares during the period. Farmers & Merchants Investments Inc. grew its holdings in American Water Works by 100.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 127 shares during the period. SeaCrest Wealth Management LLC grew its holdings in American Water Works by 4.4% during the first quarter. SeaCrest Wealth Management LLC now owns 2,831 shares of the utilities provider’s stock worth $346,000 after purchasing an additional 120 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in American Water Works by 0.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 464,591 shares of the utilities provider’s stock worth $56,778,000 after purchasing an additional 1,481 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in American Water Works by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock worth $2,581,000 after purchasing an additional 95 shares during the period. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AWK. Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Finally, Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $140.00.

American Water Works Trading Down 2.1 %

Shares of AWK stock opened at $135.82 on Wednesday. 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 market cap of $26.47 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 3.28 and a beta of 0.69. The stock has a 50 day simple moving average of $142.95 and a 200 day simple moving average of $136.10. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The company’s quarterly revenue 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 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.25%. American Water Works’s dividend payout ratio is currently 62.32%.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 36,880 shares in the company, valued at $5,268,308. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.

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.