American Water Works Company, Inc. (NYSE:AWK) Position Lessened by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 33.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,112 shares of the utilities provider’s stock after selling 31,388 shares during the period. State of New Jersey Common Pension Fund D’s holdings in American Water Works were worth $8,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after buying an additional 624,977 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of American Water Works by 153.8% in the first 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 lifted its position 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 last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position 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 last quarter. Finally, Parsifal Capital Management LP acquired a new position in shares of American Water Works during the 4th quarter worth about $44,441,000. 86.58% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus price target of $135.60.

American Water Works Trading Up 0.7 %

American Water Works stock opened at $148.13 on Friday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $149.00. The stock has a market cap of $28.86 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 3.49 and a beta of 0.69. The business has a 50 day moving average price of $141.76 and a two-hundred day moving average price of $130.74. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that American Water Works Company, Inc. will post 5.27 EPS for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were paid a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.07%. American Water Works’s dividend payout ratio is currently 62.07%.

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.