Choreo LLC Raises Holdings in American Water Works Company, Inc. (NYSE:AWK)

Choreo LLC lifted its stake in American Water Works Company, Inc. (NYSE:AWK) by 13.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,967 shares of the utilities provider’s stock after acquiring an additional 235 shares during the quarter. Choreo LLC’s holdings in American Water Works were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AWK. 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 worth $26,000 after purchasing an additional 103 shares during the period. 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 worth $31,000 after purchasing an additional 103 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in American Water Works in the 4th quarter worth about $35,000. Key Financial Inc grew its position in shares of American Water Works by 266.7% in the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new stake in shares of American Water Works in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the subject of a number of analyst reports. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

American Water Works Trading Up 2.2 %

Shares of American Water Works stock opened at $128.75 on Friday. The firm has a market capitalization of $25.08 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.98 and a beta of 0.62. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $151.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a 50 day moving average of $119.33 and a 200 day moving average of $124.29.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $962.30 million. American Water Works had a return on equity of 9.79% and a net margin of 22.27%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. As a group, research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 14th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.38%. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, May 13th. American Water Works’s dividend payout ratio is presently 57.40%.

Insider Buying and Selling

In related news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the transaction, the executive vice president now directly owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

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.