SG Americas Securities LLC Grows Position in American Water Works Company, Inc. (NYSE:AWK)

SG Americas Securities LLC grew its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 765.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,735 shares of the utilities provider's stock after acquiring an additional 73,170 shares during the period. SG Americas Securities LLC's holdings in American Water Works were worth $12,205,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Bleakley Financial Group LLC raised its position in American Water Works by 4.6% in the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider's stock worth $250,000 after acquiring an additional 89 shares during the period. Summit Financial LLC raised its position in American Water Works by 1.1% in the fourth quarter. Summit Financial LLC now owns 8,438 shares of the utilities provider's stock worth $1,051,000 after acquiring an additional 92 shares during the period. Glenview Trust co raised its position in American Water Works by 1.9% in the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider's stock worth $621,000 after acquiring an additional 93 shares during the period. Parallel Advisors LLC raised its position in American Water Works by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,241 shares of the utilities provider's stock worth $528,000 after acquiring an additional 98 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after acquiring an additional 103 shares during the period. 86.58% of the stock is currently owned by institutional investors.

Insider Activity at American Water Works

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of American Water Works stock in a transaction on Friday, May 30th. The shares were sold at an average price of $143.28, for a total value of $404,766.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,572 shares of the company's stock, valued at $1,084,916.16. This trade represents a 27.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AWK has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of American Water Works from $142.00 to $147.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Wall Street Zen cut shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Barclays initiated coverage on shares of American Water Works in a research note on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price objective for the company. Evercore ISI increased their price objective on shares of American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Finally, UBS Group cut shares of American Water Works from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, American Water Works currently has an average rating of "Hold" and a consensus price target of $143.22.

American Water Works Price Performance

AWK traded down $0.06 during trading on Friday, hitting $141.26. 741,150 shares of the company traded hands, compared to its average volume of 1,217,543. The company has a market cap of $27.55 billion, a PE ratio of 26.21, a P/E/G ratio of 2.80 and a beta of 0.71. The stock's 50-day simple moving average is $143.47 and its two-hundred day simple moving average is $135.83. 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 current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.09 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. As a group, sell-side 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. Investors of record on Tuesday, May 13th were paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.34%. This is a boost from American Water Works's previous quarterly dividend of $0.77. The ex-dividend date was Tuesday, May 13th. American Water Works's dividend payout ratio (DPR) is presently 60.29%.

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.