Amalgamated Bank Sells 1,820 Shares of American Water Works Company, Inc. (NYSE:AWK)

Amalgamated Bank cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,584 shares of the utilities provider’s stock after selling 1,820 shares during the period. Amalgamated Bank’s holdings in American Water Works were worth $5,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Coldstream Capital Management Inc. raised its stake in shares of American Water Works by 43.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,622 shares of the utilities provider’s stock worth $346,000 after purchasing an additional 792 shares during the period. Corient Private Wealth LLC raised its position in American Water Works by 10.5% in the fourth quarter. Corient Private Wealth LLC now owns 94,996 shares of the utilities provider’s stock worth $12,539,000 after acquiring an additional 9,005 shares during the period. Assetmark Inc. boosted its stake in American Water Works by 29.4% in the fourth quarter. Assetmark Inc. now owns 766 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 174 shares during the last quarter. US Bancorp DE grew its position in shares of American Water Works by 12.8% during the 4th quarter. US Bancorp DE now owns 57,039 shares of the utilities provider’s stock valued at $7,529,000 after acquiring an additional 6,485 shares during the period. Finally, Commerce Bank increased its stake in shares of American Water Works by 4.9% during the 4th quarter. Commerce Bank now owns 21,244 shares of the utilities provider’s stock worth $2,804,000 after purchasing an additional 984 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The shares were 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 owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Bank of America reiterated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research note on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday. Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Finally, Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.29.

American Water Works Stock Performance

Shares of AWK opened at $147.20 on Friday. 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 current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The company has a market cap of $28.68 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 3.49 and a beta of 0.69. The stock has a 50-day moving average price of $143.28 and a 200-day moving average price of $131.68.

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

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were given a dividend of $0.765 per share. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 annualized dividend and a yield of 2.08%. American Water Works’s payout ratio is 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.