Allianz Asset Management GmbH decreased its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 670,399 shares of the utilities provider's stock after selling 26,752 shares during the period. Allianz Asset Management GmbH owned about 0.34% of American Water Works worth $98,897,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of AWK. Sumitomo Life Insurance Co. boosted its holdings in shares of American Water Works by 1.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider's stock valued at $690,000 after purchasing an additional 70 shares during the last quarter. Sargent Investment Group LLC boosted its holdings in shares of American Water Works by 2.6% during the 1st quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider's stock valued at $412,000 after purchasing an additional 70 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of American Water Works by 4.8% during the 1st quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider's stock valued at $237,000 after purchasing an additional 74 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of American Water Works by 1.4% during the 1st quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider's stock valued at $908,000 after purchasing an additional 85 shares during the last quarter. Finally, Summit Financial LLC boosted its holdings in shares of American Water Works by 1.1% during the 4th quarter. Summit Financial LLC now owns 8,438 shares of the utilities provider's stock valued at $1,051,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.
American Water Works Trading Down 0.2%
American Water Works stock traded down $0.23 during midday trading on Friday, reaching $140.29. The stock had a trading volume of 167,488 shares, compared to its average volume of 1,390,315. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.26. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The firm has a market cap of $27.36 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.36 and a beta of 0.69. The company has a fifty day moving average of $141.50 and a 200 day moving average of $138.33.
American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.09 billion. American Water Works had a return on equity of 10.35% and a net margin of 22.24%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. On average, analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.
American Water Works Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were paid a $0.8275 dividend. This is an increase from American Water Works's previous quarterly dividend of $0.77. This represents a $3.31 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Tuesday, May 13th. American Water Works's dividend payout ratio is currently 60.29%.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Barclays dropped their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a report on Thursday, July 10th. UBS Group restated a "neutral" rating and set a $156.00 target price (up from $154.00) on shares of American Water Works in a research report on Friday, July 11th. Evercore ISI upped their target price 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. Wells Fargo & Company upped their target price on shares of American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen cut shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $141.67.
Read Our Latest Research Report on American Water Works
Insider Buying and Selling
In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $143.28, for a total value of $404,766.00. Following the transaction, the chief accounting officer directly owned 7,572 shares in the company, valued at $1,084,916.16. This represents a 27.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.
About American Water Works
(
Free Report)
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.
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