Y Intercept Hong Kong Ltd Trims Stock Holdings in American Water Works Company, Inc. $AWK

Y Intercept Hong Kong Ltd reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 64.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,091 shares of the utilities provider’s stock after selling 16,181 shares during the period. Y Intercept Hong Kong Ltd’s holdings in American Water Works were worth $1,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in American Water Works by 11.5% during the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 609 shares in the last quarter. Woodline Partners LP lifted its stake in shares of American Water Works by 40.7% during the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after buying an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC bought a new position in American Water Works in the 2nd quarter worth $302,000. Truist Financial Corp raised its holdings in American Water Works by 9.2% during the second quarter. Truist Financial Corp now owns 19,407 shares of the utilities provider’s stock valued at $2,700,000 after acquiring an additional 1,634 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in American Water Works by 8.1% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,599 shares of the utilities provider’s stock valued at $3,700,000 after acquiring an additional 2,002 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

AWK opened at $129.09 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 1.19. The business has a fifty day moving average of $130.53 and a 200 day moving average of $135.99. American Water Works Company, Inc. has a 52-week low of $121.39 and a 52-week high of $155.50. The stock has a market cap of $25.20 billion, a P/E ratio of 22.69, a PEG ratio of 3.00 and a beta of 0.76.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $1.80 earnings per share. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group set a $149.00 target price on American Water Works in a research report on Wednesday, December 17th. Mizuho set a $145.00 price objective on shares of American Water Works in a research report on Tuesday, October 28th. Barclays lowered their target price on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. TD Cowen initiated coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average price target of $140.89.

American Water Works 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.