Synovus Financial Corp Has $210,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Synovus Financial Corp trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWKGet Rating) by 59.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,405 shares of the utilities provider’s stock after selling 2,097 shares during the quarter. Synovus Financial Corp’s holdings in American Water Works were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AWK. Mutual of America Capital Management LLC grew its stake in American Water Works by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 24,227 shares of the utilities provider’s stock worth $4,010,000 after buying an additional 258 shares during the last quarter. National Asset Management Inc. grew its stake in American Water Works by 3.2% during the first quarter. National Asset Management Inc. now owns 6,666 shares of the utilities provider’s stock worth $1,104,000 after buying an additional 206 shares during the last quarter. Metis Global Partners LLC grew its stake in American Water Works by 81.4% during the first quarter. Metis Global Partners LLC now owns 2,873 shares of the utilities provider’s stock worth $475,000 after buying an additional 1,289 shares during the last quarter. Venture Visionary Partners LLC grew its stake in American Water Works by 99.1% during the first quarter. Venture Visionary Partners LLC now owns 2,965 shares of the utilities provider’s stock worth $490,000 after buying an additional 1,476 shares during the last quarter. Finally, Versor Investments LP grew its stake in American Water Works by 90.5% during the first quarter. Versor Investments LP now owns 3,213 shares of the utilities provider’s stock worth $532,000 after buying an additional 1,526 shares during the last quarter. 83.50% of the stock is owned by institutional investors.

American Water Works Price Performance

Shares of AWK stock opened at $147.72 on Tuesday. American Water Works Company, Inc. has a 52-week low of $122.77 and a 52-week high of $189.65. The stock has a market cap of $26.86 billion, a PE ratio of 20.38, a PEG ratio of 4.07 and a beta of 0.53. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.43 and a current ratio of 0.48. The firm’s 50 day moving average price is $139.04 and its two-hundred day moving average price is $145.96.

American Water Works (NYSE:AWKGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The utilities provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.12. American Water Works had a net margin of 34.58% and a return on equity of 10.99%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.53 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts forecast that American Water Works Company, Inc. will post 4.46 EPS for the current year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 8th will be issued a $0.655 dividend. The ex-dividend date is Monday, November 7th. This represents a $2.62 annualized dividend and a yield of 1.77%. American Water Works’s dividend payout ratio (DPR) is presently 36.14%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. HSBC decreased their price objective on shares of American Water Works to $158.00 in a research note on Tuesday, November 15th. Wells Fargo & Company increased their price target on shares of American Water Works from $140.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 2nd. JPMorgan Chase & Co. raised shares of American Water Works from an “underweight” rating to a “neutral” rating and increased their price target for the company from $162.00 to $165.00 in a research note on Friday, September 9th. UBS Group increased their price target on shares of American Water Works to $151.00 in a research note on Friday, November 4th. Finally, Guggenheim decreased their price target on shares of American Water Works from $155.00 to $138.00 in a research note on Monday, October 24th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $153.00.

American Water Works Company Profile

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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 3.4 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.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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