First Horizon Advisors Inc. Decreases Position in American Water Works Company, Inc. (NYSE:AWK)

First Horizon Advisors Inc. reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 32.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 415 shares of the utilities provider’s stock after selling 202 shares during the quarter. First Horizon Advisors Inc.’s holdings in American Water Works were worth $55,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AWK. MV Capital Management Inc. lifted its position in shares of American Water Works by 110.8% during the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 103 shares in the last quarter. ORG Partners LLC boosted its position in American Water Works by 79.2% in the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after buying an additional 103 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of American Water Works during the fourth quarter valued at about $35,000. Key Financial Inc increased its position in shares of American Water Works by 266.7% during the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new position in shares of American Water Works in the fourth quarter worth about $40,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and cut their target price for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

American Water Works Trading Up 1.2 %

NYSE:AWK opened at $131.84 on Wednesday. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $151.24. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.26. The company has a market cap of $25.69 billion, a PE ratio of 26.74, a P/E/G ratio of 3.07 and a beta of 0.62. The business’s 50 day moving average is $120.06 and its two-hundred day moving average is $124.63.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $962.30 million. American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. On average, analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 14th will be paid a dividend of $0.765 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, May 13th. This represents a $3.06 annualized dividend and a yield of 2.32%. American Water Works’s dividend payout ratio is 57.40%.

Insiders Place Their Bets

In other news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the sale, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

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.