HCR Wealth Advisors Has $3.47 Million Position in American Water Works Company, Inc. (NYSE:AWK)

HCR Wealth Advisors trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,880 shares of the utilities provider’s stock after selling 230 shares during the quarter. HCR Wealth Advisors’ holdings in American Water Works were worth $3,472,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AWK. Ables Iannone Moore & Associates Inc. bought a new stake in shares of American Water Works in the fourth quarter valued at approximately $26,000. ORG Partners LLC acquired a new stake in American Water Works during the second quarter worth about $30,000. Farmers & Merchants Investments Inc. grew its stake in American Water Works by 100.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after buying an additional 127 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of American Water Works during the 4th quarter worth approximately $34,000. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of several recent analyst reports. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. UBS Group lifted their target price on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and an average target price of $141.17.

American Water Works Price Performance

American Water Works stock opened at $143.94 on Monday. The company has a market capitalization of $28.05 billion, a PE ratio of 29.20, a P/E/G ratio of 3.42 and a beta of 0.69. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The stock has a 50-day moving average price of $139.87 and a two-hundred day moving average price of $129.82. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $149.00.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Analysts expect that American Water Works Company, Inc. will post 5.26 EPS for the current year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were given a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, August 13th. American Water Works’s payout ratio is 62.07%.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares in the company, valued at $5,268,308. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

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 3.5 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.