Vanguard Personalized Indexing Management LLC Trims Stake in American Water Works Company, Inc. $AWK

Vanguard Personalized Indexing Management LLC reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 11.6% during the third quarter, Holdings Channel.com reports. The firm owned 36,847 shares of the utilities provider’s stock after selling 4,826 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in American Water Works were worth $5,131,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Swedbank AB lifted its holdings in shares of American Water Works by 88.5% in the 3rd quarter. Swedbank AB now owns 257,413 shares of the utilities provider’s stock worth $35,829,000 after acquiring an additional 120,890 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in American Water Works by 31.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 136,504 shares of the utilities provider’s stock valued at $19,000,000 after purchasing an additional 32,834 shares during the last quarter. Asset Management One Co. Ltd. raised its position in American Water Works by 7.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 116,690 shares of the utilities provider’s stock worth $16,242,000 after purchasing an additional 7,831 shares during the period. LGT Fund Management Co Ltd. lifted its stake in American Water Works by 144.4% in the second quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 8,703 shares during the last quarter. Finally, St. Johns Investment Management Company LLC lifted its stake in American Water Works by 11.2% in the second quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock worth $508,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

AWK has been the topic of several recent analyst reports. Mizuho set a $145.00 price target on American Water Works in a report on Tuesday, October 28th. TD Cowen assumed coverage on American Water Works in a research report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $117.00 to $139.00 in a report on Monday, January 12th. Finally, Wells Fargo & Company decreased their price objective on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.89.

American Water Works Stock Down 1.5%

Shares of AWK traded down $2.00 during mid-day trading on Wednesday, hitting $128.53. The company’s stock had a trading volume of 114,523 shares, compared to its average volume of 1,440,692. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average is $130.58 and its 200-day moving average is $136.23. American Water Works Company, Inc. has a 52-week low of $121.39 and a 52-week high of $155.50. The firm has a market capitalization of $25.09 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 3.04 and a beta of 0.76.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. American Water Works’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.80 earnings per share. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio is 58.17%.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.