American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 9.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,190 shares of the utilities provider’s stock after selling 341 shares during the period. Pinion Investment Advisors LLC’s holdings in American Water Works were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AWK. US Bancorp DE boosted its position in shares of American Water Works by 4.4% in the third quarter. US Bancorp DE now owns 50,503 shares of the utilities provider’s stock worth $7,386,000 after acquiring an additional 2,125 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of American Water Works by 41.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,523 shares of the utilities provider’s stock valued at $223,000 after buying an additional 446 shares during the period. Janney Montgomery Scott LLC grew its position in American Water Works by 2.4% in the third quarter. Janney Montgomery Scott LLC now owns 102,736 shares of the utilities provider’s stock valued at $15,024,000 after acquiring an additional 2,366 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of American Water Works by 4.4% during the third quarter. Van ECK Associates Corp now owns 54,021 shares of the utilities provider’s stock valued at $7,677,000 after purchasing an additional 2,269 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of American Water Works by 17.3% during the third quarter. Asset Management One Co. Ltd. now owns 122,958 shares of the utilities provider’s stock worth $17,981,000 after purchasing an additional 18,143 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

AWK opened at $139.48 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average price is $126.08 and its two-hundred day moving average price is $134.36. The firm has a market capitalization of $27.19 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, equities analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 56.77%.

Wall Street Analysts Forecast Growth

AWK has been the topic of a number of recent analyst reports. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on shares of American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $140.57.

American Water Works Profile

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.