Charter Trust Co. Lowers Position in American Water Works Company Inc (NYSE:AWK)

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Charter Trust Co. cut its stake in shares of American Water Works Company Inc (NYSE:AWK) by 18.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,499 shares of the utilities provider’s stock after selling 1,681 shares during the quarter. Charter Trust Co.’s holdings in American Water Works were worth $897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AWK. Quadrant Capital Group LLC raised its holdings in American Water Works by 8.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,803 shares of the utilities provider’s stock valued at $205,000 after acquiring an additional 137 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in American Water Works by 5.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 24,635 shares of the utilities provider’s stock valued at $3,026,000 after acquiring an additional 1,272 shares during the period. US Bancorp DE raised its holdings in American Water Works by 4.8% during the fourth quarter. US Bancorp DE now owns 47,927 shares of the utilities provider’s stock valued at $5,889,000 after acquiring an additional 2,216 shares during the period. Victory Capital Management Inc. raised its holdings in American Water Works by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 102,228 shares of the utilities provider’s stock valued at $13,923,000 after acquiring an additional 784 shares during the period. Finally, Rhumbline Advisers raised its holdings in American Water Works by 3.0% during the fourth quarter. Rhumbline Advisers now owns 302,105 shares of the utilities provider’s stock valued at $37,114,000 after acquiring an additional 8,836 shares during the period. Institutional investors own 83.83% of the company’s stock.

In other American Water Works news, Director Lloyd M. Yates bought 2,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $115.95 per share, for a total transaction of $231,900.00. Following the completion of the transaction, the director now directly owns 4,100 shares of the company’s stock, valued at $475,395. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

A number of equities research analysts have commented on the company. Cfra decreased their price target on American Water Works from $131.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, May 7th. Seaport Global Securities began coverage on American Water Works in a report on Wednesday, May 20th. They issued a “buy” rating and a $130.00 target price on the stock. Robert W. Baird lifted their target price on American Water Works from $128.00 to $139.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Co lifted their target price on American Water Works from $128.00 to $147.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada began coverage on American Water Works in a report on Friday, April 24th. They issued an “outperform” rating and a $141.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $135.55.

NYSE AWK traded down $2.49 during trading hours on Thursday, hitting $128.57. 42,333 shares of the company were exchanged, compared to its average volume of 1,258,903. The stock has a 50-day moving average price of $123.31 and a 200 day moving average price of $125.67. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 1.40. American Water Works Company Inc has a 52 week low of $92.00 and a 52 week high of $141.70. The stock has a market cap of $23.72 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 4.25 and a beta of 0.22.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. American Water Works had a return on equity of 10.82% and a net margin of 17.36%. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $837.39 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that American Water Works Company Inc will post 3.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from American Water Works’s previous quarterly dividend of $0.50. American Water Works’s payout ratio is 60.94%.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; 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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