Fort Washington Investment Advisors Inc. OH Cuts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,238 shares of the utilities provider's stock after selling 2,550 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in American Water Works were worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Providence First Trust Co acquired a new position in American Water Works during the fourth quarter worth about $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works during the fourth quarter worth about $28,000. Capital A Wealth Management LLC acquired a new position in American Water Works during the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC grew its position in American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after buying an additional 103 shares during the period. Finally, Banque Transatlantique SA acquired a new position in American Water Works during the fourth quarter worth about $46,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

American Water Works Trading Down 0.0%

Shares of AWK traded down $0.06 on Friday, hitting $141.26. 741,150 shares of the stock traded hands, compared to its average volume of 1,218,602. 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 $27.55 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.80 and a beta of 0.71. The stock's 50 day moving average is $143.47 and its two-hundred day moving average is $135.81. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm 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 quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.8275 per share. The ex-dividend date was Tuesday, May 13th. This represents a $3.31 dividend on an annualized basis and a yield of 2.34%. This is an increase from American Water Works's previous quarterly dividend of $0.77. American Water Works's dividend payout ratio (DPR) is currently 60.29%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays assumed coverage on shares of American Water Works in a research report on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price target on the stock. Evercore ISI increased 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. UBS Group lowered shares of American Water Works from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company increased their price target 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. Four equities 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $143.22.

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.