American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Retirement Guys Formula LLC

Retirement Guys Formula LLC boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,294 shares of the utilities provider’s stock after acquiring an additional 172 shares during the period. Retirement Guys Formula LLC’s holdings in American Water Works were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AWK. Everence Capital Management Inc. raised its holdings in shares of American Water Works by 23.8% during the third quarter. Everence Capital Management Inc. now owns 13,410 shares of the utilities provider’s stock worth $1,961,000 after purchasing an additional 2,580 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after purchasing an additional 143,914 shares during the period. Everett Harris & Co. CA raised its holdings in shares of American Water Works by 0.7% during the third quarter. Everett Harris & Co. CA now owns 304,121 shares of the utilities provider’s stock worth $44,475,000 after purchasing an additional 2,025 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in shares of American Water Works by 80.0% during the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 18,000 shares of the utilities provider’s stock worth $2,632,000 after purchasing an additional 8,000 shares during the period. Finally, First Citizens Bank & Trust Co. raised its holdings in shares of American Water Works by 7.5% during the third quarter. First Citizens Bank & Trust Co. now owns 3,154 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 220 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares in the company, valued at $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

American Water Works Price Performance

AWK traded down $0.52 on Monday, reaching $141.44. The company had a trading volume of 213,855 shares, compared to its average volume of 1,201,616. The company has a fifty day moving average of $143.26 and a 200-day moving average of $135.10. The company has a market capitalization of $27.56 billion, a P/E ratio of 28.80, a PEG ratio of 3.28 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. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68.

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 net margin of 21.93% and a return on equity of 9.60%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $1.44 earnings per share. American Water Works’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.27 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.16%. American Water Works’s payout ratio is currently 62.07%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on the stock. Bank of America restated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $140.00.

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.