American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA decreased its stake in American Water Works Company, Inc. (NYSE:AWK) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,368 shares of the utilities provider’s stock after selling 242 shares during the period. American Water Works makes up 1.3% of Lederer & Associates Investment Counsel CA’s portfolio, making the stock its 25th biggest position. Lederer & Associates Investment Counsel CA’s holdings in American Water Works were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of AWK. Wulff Hansen & CO. boosted its position in American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after buying an additional 1,453,334 shares during the last quarter. M&G Plc acquired a new stake in American Water Works during the 1st quarter valued at approximately $108,688,000. Vanguard Group Inc. grew its stake in American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after purchasing an additional 624,977 shares in the last quarter. International Assets Investment Management LLC increased its holdings in American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after purchasing an additional 534,411 shares during the last quarter. Finally, Nuance Investments LLC boosted its stake in shares of American Water Works by 70.3% during the 1st quarter. Nuance Investments LLC now owns 958,309 shares of the utilities provider’s stock valued at $117,115,000 after buying an additional 395,684 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm’s 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 transaction, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

AWK has been the subject of a number of research analyst reports. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Bank of America reiterated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Finally, Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.00.

American Water Works Stock Down 1.5 %

AWK stock opened at $137.66 on Monday. The stock has a market cap of $26.82 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 3.28 and a beta of 0.69. The firm’s 50-day simple moving average is $143.12 and its 200 day simple moving average is $135.82. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. American Water Works’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 5.27 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Tuesday, August 13th. American Water Works’s dividend payout ratio (DPR) is 62.07%.

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.