Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 38.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,623 shares of the utilities provider’s stock after buying an additional 46,725 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.09% of American Water Works worth $28,504,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Samalin Investment Counsel LLC acquired a new position in shares of American Water Works during the 2nd quarter worth approximately $35,000. Benjamin Edwards Inc. acquired a new position in shares of American Water Works during the 3rd quarter worth approximately $46,000. Mascoma Wealth Management LLC acquired a new position in shares of American Water Works during the 3rd quarter worth approximately $51,000. West Branch Capital LLC acquired a new position in shares of American Water Works during the 2nd quarter worth approximately $54,000. Finally, Liberty Wealth Management LLC raised its stake in shares of American Water Works by 90,933.3% during the 2nd quarter. Liberty Wealth Management LLC now owns 10,924 shares of the utilities provider’s stock worth $71,000 after buying an additional 10,912 shares during the period. 81.49% of the stock is owned by institutional investors and hedge funds.
AWK traded down $5.40 during trading hours on Friday, hitting $162.69. 17,275 shares of the company’s stock were exchanged, compared to its average volume of 760,700. American Water Works Company, Inc. has a 12-month low of $131.01 and a 12-month high of $189.65. The firm has a 50 day moving average of $175.92 and a 200 day moving average of $174.27. The firm has a market cap of $29.53 billion, a P/E ratio of 40.02, a price-to-earnings-growth ratio of 4.70 and a beta of 0.31. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 8th will be paid a $0.6025 dividend. This represents a $2.41 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 57.38%.
Several research analysts recently commented on AWK shares. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, December 1st. Barclays increased their price objective on American Water Works from $174.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 8th. They noted that the move was a valuation call. Bank of America downgraded American Water Works from a “neutral” rating to an “underperform” rating and set a $178.00 price objective for the company. in a research note on Monday, September 27th. The Goldman Sachs Group cut American Water Works from a “buy” rating to a “neutral” rating and dropped their target price for the company from $191.00 to $177.00 in a report on Wednesday, November 3rd. Finally, UBS Group cut American Water Works from a “neutral” rating to a “sell” rating and dropped their target price for the company from $185.00 to $176.00 in a report on Wednesday, January 5th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $181.67.
In other American Water Works news, COO Cheryl Norton sold 2,906 shares of the stock in a transaction on Friday, November 19th. The stock was sold at an average price of $173.47, for a total transaction of $504,103.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Walter Lynch sold 24,617 shares of the stock in a transaction on Friday, November 19th. The stock was sold at an average price of $173.42, for a total value of $4,269,080.14. The disclosure for this sale can be found here. Insiders sold a total of 37,559 shares of company stock valued at $6,506,950 in the last quarter. Insiders own 0.17% of the company’s stock.
About American Water Works
American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.
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