BROOKFIELD Corp ON Decreases Stake in American Water Works Company, Inc. (NYSE:AWK)

BROOKFIELD Corp ON trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 32.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,078 shares of the utilities provider's stock after selling 10,523 shares during the quarter. BROOKFIELD Corp ON's holdings in American Water Works were worth $2,748,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Crews Bank & Trust acquired a new position in shares of American Water Works during the fourth quarter worth $26,000. Providence First Trust Co purchased a new position in shares of American Water Works during the fourth quarter worth $27,000. Whipplewood Advisors LLC acquired a new position in shares of American Water Works in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its stake in shares of American Water Works by 54.2% during 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, Banque Transatlantique SA acquired a new position in shares of American Water Works in the fourth quarter worth about $46,000. Institutional investors own 86.58% of the company's stock.

Analysts Set New Price Targets

AWK has been the subject of several recent analyst reports. StockNews.com lowered shares of American Water Works from a "hold" rating to a "sell" rating in a report on Monday. JPMorgan Chase & Co. cut their price objective on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Barclays initiated coverage on American Water Works in a report on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price objective on the stock. Evercore ISI raised their price target on shares of American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company boosted their price objective on American Water Works from $142.00 to $147.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $143.22.

American Water Works Stock Performance

NYSE:AWK traded up $1.41 during trading hours on Friday, reaching $146.81. 724,564 shares of the company's stock were exchanged, compared to its average volume of 1,197,582. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $28.63 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.80 and a beta of 0.73. The company has a 50-day moving average of $144.61 and a 200 day moving average of $134.98.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the business earned $0.95 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be paid a $0.8275 dividend. This is a boost from American Water Works's previous quarterly dividend of $0.77. This represents a $3.31 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, May 13th. American Water Works's payout ratio is currently 60.29%.

About American Water Works

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.