NewEdge Advisors LLC Sells 103 Shares of American Water Works Company, Inc. (NYSE:AWK)

NewEdge Advisors LLC lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,299 shares of the utilities provider’s stock after selling 103 shares during the quarter. NewEdge Advisors LLC’s holdings in American Water Works were worth $1,588,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Asset Dedication LLC lifted its stake in American Water Works by 1.6% in the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after acquiring an additional 85 shares in the last quarter. Moody National Bank Trust Division lifted its position in shares of American Water Works by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after purchasing an additional 88 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of American Water Works by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock worth $2,581,000 after purchasing an additional 95 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings 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 purchasing an additional 100 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in American Water Works by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,730 shares of the utilities provider’s stock valued at $2,161,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of recent research reports. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Bank of America reaffirmed an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Finally, Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $127.00 to $138.00 in a 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.29.

American Water Works Stock Performance

AWK opened at $142.57 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The business has a 50 day moving average of $144.14 and a 200-day moving average of $133.60. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 3.55 and a beta of 0.69.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share 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 the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 earnings per share. On average, equities research analysts expect that American Water Works Company, Inc. will post 5.27 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were given a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.15%. American Water Works’s payout ratio is presently 62.07%.

Insider Activity at American Water Works

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 shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares in the company, valued at $5,268,308. The trade was a 0.00 % decrease in their position. The sale 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 corporate insiders.

American Water Works 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.