American Water Works Company, Inc. (NYSE:AWK) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 87.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,605 shares of the utilities provider’s stock after selling 350,982 shares during the quarter. 1832 Asset Management L.P.’s holdings in American Water Works were worth $6,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after purchasing an additional 624,977 shares during the period. Edgestream Partners L.P. grew its stake in shares of American Water Works by 153.8% during the 1st quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider’s stock worth $1,667,000 after purchasing an additional 8,266 shares during the period. Duality Advisers LP grew its stake in shares of American Water Works by 202.2% during the 1st quarter. Duality Advisers LP now owns 46,633 shares of the utilities provider’s stock worth $5,699,000 after purchasing an additional 31,203 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of American Water Works by 945.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock worth $238,397,000 after purchasing an additional 1,633,389 shares during the period. Finally, Parsifal Capital Management LP acquired a new stake in shares of American Water Works during the 4th quarter worth approximately $44,441,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

American Water Works stock traded up $1.61 during trading on Friday, reaching $141.71. The company had a trading volume of 645,036 shares, compared to its average volume of 796,334. The firm’s 50-day simple moving average is $132.18 and its 200 day simple moving average is $126.07. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $151.22. The firm has a market capitalization of $27.61 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.34 and a beta of 0.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.79 and a current ratio of 0.85.

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

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th were issued a $0.765 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.16%. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. UBS Group lifted their price target on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $141.80.

American Water Works Company 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.