Benjamin Edwards Inc. Has $36.73 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Benjamin Edwards Inc. decreased its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,025 shares of the utilities provider's stock after selling 2,218 shares during the quarter. Benjamin Edwards Inc. owned about 0.15% of American Water Works worth $36,732,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Crews Bank & Trust acquired a new position in shares of American Water Works in the 4th quarter valued at $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after purchasing an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new stake in American Water Works during the 4th quarter valued at $47,000. Institutional investors own 86.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AWK. StockNews.com downgraded American Water Works from a "hold" rating to a "sell" rating in a report on Monday. JPMorgan Chase & Co. dropped their target price on American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Barclays started coverage on shares of American Water Works in a report on Tuesday, April 22nd. They set an "underweight" rating and a $138.00 price target for the company. Evercore ISI increased their target price on shares of American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a research report on Friday. Finally, UBS Group cut shares of American Water Works from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $143.22.

American Water Works Stock Up 0.8 %

Shares of AWK traded up $1.14 during trading hours on Tuesday, hitting $149.29. 1,124,194 shares of the company were exchanged, compared to its average volume of 1,203,086. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The company has a market cap of $29.11 billion, a PE ratio of 27.70, a PEG ratio of 2.80 and a beta of 0.73. The firm's 50 day moving average is $144.26 and its 200-day moving average is $134.86. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $0.95 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.8275 per share. This is a positive change from American Water Works's previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.31 dividend on an annualized basis and a yield of 2.22%. American Water Works's payout ratio is currently 60.29%.

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.