American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,568 shares of the utilities provider’s stock after selling 959 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Water Works were worth $3,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. purchased a new position in shares of American Water Works during the 4th quarter worth about $26,000. ORG Partners LLC acquired a new stake in American Water Works in the second quarter worth approximately $30,000. Farmers & Merchants Investments Inc. increased its holdings in shares of American Water Works by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after buying an additional 127 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of American Water Works by 71.9% in the 4th 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 purchased a new stake in American Water Works during the fourth quarter valued at about $34,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

NYSE:AWK opened at $147.52 on Tuesday. 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 firm has a fifty day simple moving average of $143.50 and a 200 day simple moving average of $132.06. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The stock has a market capitalization of $28.74 billion, a PE ratio of 29.92, a P/E/G ratio of 3.49 and a beta of 0.69.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $1.44 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts expect that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal 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 given a dividend of $0.765 per share. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.07%. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

Insider Activity

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction dated 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 transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AWK shares. Bank of America reissued an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.29.

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.