American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 48.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243 shares of the utilities provider’s stock after selling 233 shares during the quarter. Venturi Wealth Management LLC’s holdings in American Water Works were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AWK. State Street Corp grew its holdings in American Water Works by 1.9% during the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after acquiring an additional 214,082 shares in the last quarter. Geode Capital Management LLC lifted its holdings in American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after buying an additional 43,754 shares during the last quarter. Nordea Investment Management AB lifted its holdings in American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after buying an additional 125,128 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of American Water Works by 1,131.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of American Water Works by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,120,062 shares of the utilities provider’s stock valued at $163,798,000 after acquiring an additional 18,586 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of several research analyst reports. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. JPMorgan Chase & Co. cut their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company upped their target price on American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.57.

American Water Works Stock Performance

Shares of NYSE AWK opened at $137.26 on Wednesday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a market cap of $26.76 billion, a PE ratio of 25.47, a P/E/G ratio of 2.80 and a beta of 0.72. The stock has a 50 day simple moving average of $125.19 and a 200-day simple moving average of $134.52. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is currently 56.77%.

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.