Tower Research Capital LLC TRC Reduces Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Tower Research Capital LLC TRC reduced its holdings in American Water Works Company, Inc. (NYSE:AWKFree Report) by 11.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,934 shares of the utilities provider’s stock after selling 2,951 shares during the period. Tower Research Capital LLC TRC’s holdings in American Water Works were worth $3,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Eisler Capital UK Ltd. bought a new stake in American Water Works during the 4th quarter valued at about $1,257,000. First Trust Advisors LP raised its stake in shares of American Water Works by 1.0% during the 4th quarter. First Trust Advisors LP now owns 426,676 shares of the utilities provider’s stock worth $56,317,000 after acquiring an additional 4,183 shares in the last quarter. Belpointe Asset Management LLC grew its position in American Water Works by 144.0% during the 4th quarter. Belpointe Asset Management LLC now owns 4,112 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 2,427 shares during the last quarter. Peapack Gladstone Financial Corp grew its position in American Water Works by 1.2% during the 4th quarter. Peapack Gladstone Financial Corp now owns 66,725 shares of the utilities provider’s stock worth $8,807,000 after purchasing an additional 803 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its position in American Water Works by 9.5% during the 4th quarter. Rafferty Asset Management LLC now owns 21,729 shares of the utilities provider’s stock worth $2,868,000 after purchasing an additional 1,885 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $160.00 to $135.00 in a research report on Friday, February 16th. Finally, UBS Group upped their price objective on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.33.

Get Our Latest Stock Analysis on American Water Works

American Water Works Trading Down 1.8 %

Shares of AWK stock opened at $128.25 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. The firm has a market cap of $24.99 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 3.12 and a beta of 0.67. The company has a 50-day moving average of $125.65 and a two-hundred day moving average of $125.80. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $151.22.

American Water Works (NYSE:AWKGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $962.30 million. During the same period in the previous year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current year.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were issued a $0.765 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.06 annualized dividend and a yield of 2.39%. American Water Works’s dividend payout ratio (DPR) is 62.07%.

American Water Works Company Profile

(Free Report)

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.

Further Reading

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

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