The Manufacturers Life Insurance Company Sells 8,995 Shares of American Water Works Company, Inc. (NYSE:AWK)

The Manufacturers Life Insurance Company lessened its holdings in American Water Works Company, Inc. (NYSE:AWKFree Report) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,229 shares of the utilities provider’s stock after selling 8,995 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of American Water Works worth $16,925,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MV Capital Management Inc. raised its holdings in American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after buying an additional 103 shares during the last quarter. ORG Partners LLC raised its holdings in American Water Works by 79.2% in the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after buying an additional 103 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in American Water Works in the 4th quarter valued at approximately $35,000. Key Financial Inc raised its holdings in American Water Works by 266.7% in the 4th quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after buying an additional 200 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new position in American Water Works in the 4th quarter valued at approximately $40,000. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AWK. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $160.00 to $135.00 in a report on Friday, February 16th. UBS Group raised their price target on shares of American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $141.33.

Get Our Latest Stock Report on AWK

American Water Works Stock Down 1.8 %

American Water Works stock opened at $128.25 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.26. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $151.22. The firm’s fifty day moving average is $125.65 and its 200 day moving average is $125.77. The company has a market capitalization of $24.99 billion, a PE ratio of 26.01, a PEG ratio of 3.06 and a beta of 0.67.

American Water Works (NYSE:AWKGet Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $962.30 million. During the same quarter in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, May 13th. This is an increase from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s payout ratio is presently 62.07%.

American Water Works 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

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

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