American Water Works Company, Inc. (NYSE:AWK) Stake Cut by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 71.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,014 shares of the utilities provider's stock after selling 4,980 shares during the period. Tyche Wealth Partners LLC's holdings in American Water Works were worth $297,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in American Water Works during the 4th quarter worth approximately $294,524,000. Victory Capital Management Inc. increased its position in American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after purchasing an additional 1,736,258 shares in the last quarter. Bank of America Corp DE increased its position in American Water Works by 38.4% during the 4th quarter. Bank of America Corp DE now owns 2,695,734 shares of the utilities provider's stock worth $335,592,000 after purchasing an additional 747,316 shares in the last quarter. GAMMA Investing LLC increased its position in American Water Works by 20,534.0% during the 1st quarter. GAMMA Investing LLC now owns 615,306 shares of the utilities provider's stock worth $90,770,000 after purchasing an additional 612,324 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in American Water Works during the 4th quarter worth approximately $71,120,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Melissa K. Wikle sold 2,825 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $143.28, for a total transaction of $404,766.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,572 shares in the company, valued at approximately $1,084,916.16. This represents a 27.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group downgraded shares of American Water Works from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Wells Fargo & Company increased their price objective 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. Evercore ISI increased their price objective 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. Barclays began 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 objective for the company. Finally, Wall Street Zen downgraded 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 given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of "Hold" and an average target price of $143.22.

American Water Works Stock Down 0.5%

NYSE:AWK traded down $0.63 during trading hours on Friday, hitting $137.79. The stock had a trading volume of 1,564,672 shares, compared to its average volume of 1,227,081. The company has a market cap of $26.87 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.26 and a beta of 0.71. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 1.26. The business has a 50 day simple moving average of $142.67 and a two-hundred day simple moving average of $136.37. 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 released its 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). The business 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 22.24% and a return on equity of 10.35%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. Analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.8275 per share. This is a boost from American Water Works's previous quarterly dividend of $0.77. This represents a $3.31 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Tuesday, May 13th. American Water Works's dividend payout ratio is 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.