American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Red Spruce Capital LLC

Red Spruce Capital LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,063 shares of the utilities provider’s stock after selling 692 shares during the quarter. Red Spruce Capital LLC’s holdings in American Water Works were worth $2,495,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AWK. Ables Iannone Moore & Associates Inc. purchased a new position in American Water Works during the fourth quarter worth approximately $26,000. ORG Partners LLC purchased a new stake in American Water Works during the second quarter valued at about $30,000. Farmers & Merchants Investments Inc. increased its stake in American Water Works by 100.0% during 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 during the last quarter. Tortoise Investment Management LLC increased its stake in American Water Works by 71.9% during 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 purchased a new position in shares of American Water Works in the 4th quarter worth about $34,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction that occurred 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 transaction, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is owned by corporate insiders.

American Water Works Stock Down 1.5 %

Shares of NYSE:AWK traded down $2.11 during trading on Friday, hitting $142.57. The company’s stock had a trading volume of 853,596 shares, compared to its average volume of 1,224,978. The company has a market capitalization of $27.78 billion, a PE ratio of 28.92, a PEG ratio of 3.55 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64. The stock’s 50-day moving average price is $144.14 and its two-hundred day moving average price is $133.60.

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 analysts’ consensus estimates of $1.47 by ($0.05). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 earnings per share. As a group, sell-side analysts expect that American Water Works Company, Inc. will post 5.27 EPS for the current year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors 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 dividend on an annualized basis and a yield of 2.15%. American Water Works’s dividend payout ratio (DPR) is 62.07%.

Analyst Ratings Changes

AWK has been the subject of a number of research analyst reports. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Bank of America reissued an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.