Everett Harris & Co. CA Has $44.48 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Everett Harris & Co. CA boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.7% in the third quarter, Holdings Channel reports. The fund owned 304,121 shares of the utilities provider’s stock after acquiring an additional 2,025 shares during the period. American Water Works accounts for 0.6% of Everett Harris & Co. CA’s investment portfolio, making the stock its 28th biggest holding. Everett Harris & Co. CA’s holdings in American Water Works were worth $44,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. ORG Partners LLC bought a new position in shares of American Water Works in the second quarter worth about $30,000. Farmers & Merchants Investments Inc. increased its position in American Water Works by 100.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after buying an additional 127 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of American Water Works during the first quarter worth approximately $41,000. Hantz Financial Services Inc. acquired a new position in shares of American Water Works during the second quarter worth approximately $46,000. Finally, Salomon & Ludwin LLC boosted its position in shares of American Water Works by 260.2% in the first quarter. Salomon & Ludwin LLC now owns 389 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 281 shares during the period. 86.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America reaffirmed an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Jefferies Financial Group assumed coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Finally, Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the company from $131.00 to $140.00 in a report on Tuesday. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $140.00.

American Water Works Price Performance

NYSE:AWK traded up $1.17 during mid-day trading on Friday, hitting $141.96. The company’s stock had a trading volume of 818,528 shares, compared to its average volume of 1,206,506. 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 fifty day moving average of $143.26 and a 200-day moving average of $134.88. The company has a market capitalization of $27.66 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 3.28 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68.

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

American Water Works Announces Dividend

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

Insider Transactions at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the transaction, the director now directly owns 36,880 shares in the company, valued at $5,268,308. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

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.