Sugarloaf Wealth Management LLC Has $70,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Sugarloaf Wealth Management LLC raised its position in American Water Works Company, Inc. (NYSE:AWK) by 25.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480 shares of the utilities provider’s stock after acquiring an additional 96 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in American Water Works were worth $70,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AWK. Miracle Mile Advisors LLC lifted its stake in American Water Works by 2.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 79 shares during the period. Asset Dedication LLC grew its position 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 worth $699,000 after purchasing an additional 85 shares during the period. Moody National Bank Trust Division raised its stake in American Water Works by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after buying an additional 88 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of American Water Works by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock valued at $2,581,000 after buying an additional 95 shares during the period. Finally, Tortoise Investment Management LLC boosted its stake 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 buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Up 0.3 %

AWK opened at $137.39 on Wednesday. The company has a market capitalization of $26.77 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 3.55 and a beta of 0.69. The firm has a 50-day simple moving average of $144.05 and a two-hundred day simple moving average of $133.84. 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 52 week low of $113.34 and a 52 week high of $150.68.

American Water Works (NYSE:AWK) last issued its quarterly earnings data 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 business 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 business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. 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 $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 2.23%. American Water Works’s dividend payout ratio is presently 62.07%.

Insider Buying and Selling

In other 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 value of $101,423.50. Following the sale, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Bank of America reaffirmed an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group began coverage on American Water Works in a research note on Monday. They issued an “underperform” rating and a $124.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average target price of $138.25.

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.