Keybank National Association OH Decreases Holdings in American Water Works Company, Inc. $AWK

Keybank National Association OH trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,432 shares of the utilities provider’s stock after selling 18,520 shares during the quarter. Keybank National Association OH owned about 0.13% of American Water Works worth $34,579,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of American Water Works by 1.5% during the second quarter. Vanguard Group Inc. now owns 25,629,133 shares of the utilities provider’s stock worth $3,565,269,000 after buying an additional 380,870 shares during the last quarter. State Street Corp boosted its position in shares of American Water Works by 2.6% during the 2nd quarter. State Street Corp now owns 11,430,863 shares of the utilities provider’s stock worth $1,590,147,000 after purchasing an additional 286,053 shares in the last quarter. Geode Capital Management LLC grew its position in American Water Works by 2.1% during the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock worth $685,662,000 after buying an additional 103,595 shares during the period. Amundi increased its stake in American Water Works by 4.8% in the 2nd quarter. Amundi now owns 3,926,541 shares of the utilities provider’s stock valued at $559,951,000 after purchasing an additional 179,127 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of American Water Works by 16.8% in the second quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock valued at $478,817,000 after buying an additional 494,868 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the subject of several research reports. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $114.00 to $124.00 in a research report on Wednesday, November 5th. Mizuho set a $145.00 price objective on shares of American Water Works in a report on Tuesday, October 28th. UBS Group set a $149.00 price target on American Water Works in a research report on Wednesday, December 17th. Wells Fargo & Company decreased their price objective on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Finally, TD Cowen started coverage on American Water Works in a research note on Thursday, October 16th. They issued a “hold” rating and a $155.00 target price for the company. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $140.89.

American Water Works Stock Up 0.1%

American Water Works stock opened at $129.09 on Friday. The company’s 50-day moving average price is $130.53 and its two-hundred day moving average price is $135.99. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 3.00 and a beta of 0.76. American Water Works Company, Inc. has a 52 week low of $121.39 and a 52 week high of $155.50. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $1.80 EPS. American Water Works’s revenue was up 9.7% on a year-over-year basis. On average, analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 10th. American Water Works’s payout ratio is 58.17%.

American Water Works Company Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.