Teacher Retirement System of Texas decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 18.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,192 shares of the utilities provider’s stock after selling 5,800 shares during the quarter. Teacher Retirement System of Texas’ holdings in American Water Works were worth $3,409,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Heritage Financial Services LLC acquired a new stake in shares of American Water Works during the 2nd quarter worth approximately $25,000. Core Alternative Capital grew its position in shares of American Water Works by 259.0% during the 2nd quarter. Core Alternative Capital now owns 219 shares of the utilities provider’s stock worth $33,000 after buying an additional 158 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of American Water Works during the 3rd quarter worth approximately $33,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of American Water Works during the 3rd quarter worth approximately $35,000. Finally, CX Institutional acquired a new stake in shares of American Water Works during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 83.06% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. HSBC reduced their price objective on shares of American Water Works to $158.00 in a research report on Tuesday, November 15th. Guggenheim cut their target price on American Water Works from $155.00 to $138.00 in a report on Monday, October 24th. Wells Fargo & Company increased their target price on American Water Works from $149.00 to $159.00 in a report on Wednesday, December 14th. StockNews.com assumed coverage on American Water Works in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, UBS Group increased their target price on American Water Works to $151.00 in a report on Friday, November 4th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $154.67.
American Water Works Price Performance
American Water Works (NYSE:AWK – Get Rating) last issued its quarterly earnings data on Monday, October 31st. The utilities provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.14. American Water Works had a return on equity of 10.99% and a net margin of 34.58%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $1.53 EPS. The business’s revenue was down .9% on a year-over-year basis. As a group, analysts forecast that American Water Works Company, Inc. will post 4.46 EPS for the current fiscal year.
American Water Works Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th will be paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, February 6th. American Water Works’s payout ratio is 36.14%.
About American Water Works
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 3.4 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.
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