Transcend Capital Advisors LLC Sells 787 Shares of American Water Works Company, Inc. (NYSE:AWK)

Transcend Capital Advisors LLC cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 19.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,194 shares of the utilities provider’s stock after selling 787 shares during the period. Transcend Capital Advisors LLC’s holdings in American Water Works were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Allianz Asset Management GmbH grew its holdings in shares of American Water Works by 5.7% in the fourth quarter. Allianz Asset Management GmbH now owns 697,151 shares of the utilities provider’s stock valued at $86,788,000 after acquiring an additional 37,353 shares in the last quarter. Nicholson Wealth Management Group LLC lifted its stake in American Water Works by 118.3% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 11,233 shares of the utilities provider’s stock valued at $1,398,000 after purchasing an additional 6,087 shares during the last quarter. Mattern Capital Management LLC lifted its stake in American Water Works by 2.7% in the fourth quarter. Mattern Capital Management LLC now owns 61,908 shares of the utilities provider’s stock valued at $7,707,000 after purchasing an additional 1,651 shares during the last quarter. ING Groep NV lifted its stake in American Water Works by 332.1% in the fourth quarter. ING Groep NV now owns 24,892 shares of the utilities provider’s stock valued at $3,099,000 after purchasing an additional 19,131 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in American Water Works by 2.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 13,507 shares of the utilities provider’s stock valued at $1,681,000 after purchasing an additional 315 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Up 3.1 %

NYSE:AWK opened at $132.63 on Monday. The company has a market cap of $25.86 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.72 and a beta of 0.72. The stock’s fifty day moving average price is $124.93 and its two-hundred day moving average price is $134.63. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.53.

American Water Works (NYSE:AWK) last posted its earnings results 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 firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. As a group, analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.31%. American Water Works’s dividend payout ratio (DPR) is presently 56.77%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company upped their price objective on American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. dropped their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus target price 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.