American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,219 shares of the utilities provider’s stock after selling 442 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Water Works were worth $1,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AWK. Granite Bay Wealth Management LLC bought a new stake in American Water Works during the 2nd quarter valued at $1,295,000. Truist Financial Corp lifted its holdings in American Water Works by 21.0% in the second quarter. Truist Financial Corp now owns 24,368 shares of the utilities provider’s stock worth $3,147,000 after purchasing an additional 4,229 shares during the period. Core Alternative Capital grew its position in American Water Works by 34.5% in the 2nd quarter. Core Alternative Capital now owns 823 shares of the utilities provider’s stock valued at $106,000 after buying an additional 211 shares in the last quarter. Quarry LP increased its stake in American Water Works by 109.9% during the 2nd quarter. Quarry LP now owns 808 shares of the utilities provider’s stock valued at $104,000 after buying an additional 423 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in American Water Works by 6.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 207,355 shares of the utilities provider’s stock valued at $26,783,000 after buying an additional 12,496 shares during the period. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Water Works Stock Performance

AWK stock opened at $142.57 on Friday. The firm has a 50 day simple moving average of $144.14 and a 200 day simple moving average of $133.49. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The stock has a market cap of $27.78 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64.

American Water Works (NYSE:AWK) last posted its quarterly 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). 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 for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders 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 dividend yield of 2.15%. American Water Works’s dividend payout ratio is 62.07%.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

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.