American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 72.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,547 shares of the utilities provider’s stock after selling 11,748 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in American Water Works were worth $600,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. MV Capital Management Inc. raised its stake in shares of American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 103 shares in the last quarter. ORG Partners LLC grew its position in shares of American Water Works by 79.2% during the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after buying an additional 103 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of American Water Works during the fourth quarter worth approximately $35,000. Key Financial Inc increased its stake 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 buying an additional 200 shares during the period. Finally, Cetera Trust Company N.A acquired a new stake in American Water Works in the fourth quarter valued at approximately $40,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of AWK opened at $128.62 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $151.22. The stock has a market cap of $25.06 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 3.21 and a beta of 0.62. The firm has a fifty day moving average price of $123.44 and a 200 day moving average price of $125.74.

American Water Works (NYSE:AWK) last posted its earnings results 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 firm had revenue of $1.01 billion for 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 firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current year.

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th will be issued a $0.765 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, May 13th. American Water Works’s dividend payout ratio is presently 62.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Finally, UBS Group upped their price objective on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $141.33.

Insider Transactions at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the sale, the executive vice president now owns 16,240 shares in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

American Water Works 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.