Huber Capital Management LLC Reduces Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Huber Capital Management LLC decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,991 shares of the utilities provider’s stock after selling 144 shares during the period. Huber Capital Management LLC’s holdings in American Water Works were worth $515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ables Iannone Moore & Associates Inc. purchased a new position in shares of American Water Works in the 4th quarter valued at approximately $26,000. ORG Partners LLC purchased a new position in American Water Works during the second quarter valued at $30,000. Farmers & Merchants Investments Inc. boosted its holdings in American Water Works by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 127 shares in the last quarter. Tortoise Investment Management LLC grew its stake in shares of American Water Works by 71.9% in the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Quarry LP bought a new position in shares of American Water Works during the fourth quarter valued at $34,000. Institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

American Water Works Stock Down 1.3 %

AWK opened at $147.20 on Friday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The firm’s 50 day simple moving average is $143.28 and its two-hundred day simple moving average is $131.68. 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 capitalization of $28.68 billion, a PE ratio of 29.86, a PEG ratio of 3.49 and a beta of 0.69.

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

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders 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 yield of 2.08%. American Water Works’s payout ratio is 62.07%.

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.