Venturi Wealth Management LLC Sells 968 Shares of American Water Works Company, Inc. (NYSE:AWK)

Venturi Wealth Management LLC decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,273 shares of the utilities provider’s stock after selling 968 shares during the period. Venturi Wealth Management LLC’s holdings in American Water Works were worth $2,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fulcrum Asset Management LLP purchased a new position in American Water Works in the third quarter worth about $384,000. Albion Financial Group UT raised its holdings in American Water Works by 0.7% in the third quarter. Albion Financial Group UT now owns 12,019 shares of the utilities provider’s stock worth $2,032,000 after buying an additional 79 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in American Water Works by 23.8% in the third quarter. Pinnacle Associates Ltd. now owns 2,914 shares of the utilities provider’s stock worth $493,000 after buying an additional 560 shares during the last quarter. Wealth Enhancement & Preservation of GA LLC raised its holdings in shares of American Water Works by 4.9% during the third quarter. Wealth Enhancement & Preservation of GA LLC now owns 7,177 shares of the utilities provider’s stock valued at $1,213,000 after purchasing an additional 335 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of American Water Works by 1.8% during the third quarter. CENTRAL TRUST Co now owns 12,624 shares of the utilities provider’s stock valued at $2,134,000 after purchasing an additional 221 shares during the last quarter. 81.49% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Walter Lynch sold 24,617 shares of the company’s stock in a transaction on Friday, November 19th. The shares were sold at an average price of $173.42, for a total transaction of $4,269,080.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Melissa K. Wikle sold 2,362 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $172.03, for a total transaction of $406,334.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,559 shares of company stock valued at $6,506,950. 0.17% of the stock is owned by company insiders.

Several research firms have recently weighed in on AWK. Barclays boosted their price objective on shares of American Water Works from $174.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, December 8th. They noted that the move was a valuation call. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $171.00 to $170.00 in a report on Wednesday, December 1st. UBS Group lowered shares of American Water Works from a “neutral” rating to a “sell” rating and cut their target price for the company from $185.00 to $176.00 in a research report on Wednesday, January 5th. The Goldman Sachs Group lowered shares of American Water Works from a “buy” rating to a “neutral” rating and cut their target price for the company from $191.00 to $177.00 in a research report on Wednesday, November 3rd. Finally, Bank of America lowered shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $178.00 target price for the company. in a research report on Monday, September 27th. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus target price of $181.67.

AWK opened at $163.57 on Friday. The firm has a market cap of $29.69 billion, a P/E ratio of 38.95, a PEG ratio of 4.70 and a beta of 0.31. American Water Works Company, Inc. has a 1-year low of $131.01 and a 1-year high of $189.65. The company has a 50 day simple moving average of $175.80 and a two-hundred day simple moving average of $174.32. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.86 and a quick ratio of 0.83.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Tuesday, November 2nd. The utilities provider reported $1.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.53. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 19.55% and a return on equity of 11.48%. During the same period in the prior year, the business posted $1.46 earnings per share. Equities analysts anticipate that American Water Works Company, Inc. will post 4.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Investors of record on Tuesday, February 8th will be given a dividend of $0.6025 per share. The ex-dividend date is Monday, February 7th. This represents a $2.41 dividend on an annualized basis and a dividend yield of 1.47%. American Water Works’s dividend payout ratio is 57.38%.

American Water Works Company Profile

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.

Featured Story: What is the CAC 40 Index?

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK).

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.