TRUE Private Wealth Advisors decreased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 8.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,750 shares of the utilities provider’s stock after selling 156 shares during the quarter. TRUE Private Wealth Advisors’ holdings in American Water Works were worth $269,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Atlas Private Wealth Advisors acquired a new stake in shares of American Water Works in the 2nd quarter worth $29,000. Selective Wealth Management Inc. acquired a new stake in American Water Works during the 2nd quarter worth about $31,000. CSat Investment Advisory L.P. lifted its position in American Water Works by 59.2% during the 1st quarter. CSat Investment Advisory L.P. now owns 234 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 87 shares during the period. Tradition Wealth Management LLC acquired a new stake in American Water Works during the 1st quarter worth about $35,000. Finally, Berman Capital Advisors LLC lifted its position in American Water Works by 90.2% during the 1st quarter. Berman Capital Advisors LLC now owns 312 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 148 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.
Shares of American Water Works stock traded down $1.31 on Wednesday, hitting $183.57. The company’s stock had a trading volume of 614 shares, compared to its average volume of 864,763. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.89 and a current ratio of 0.92. American Water Works Company, Inc. has a 1 year low of $131.01 and a 1 year high of $189.35. The firm has a fifty day moving average price of $175.73 and a 200-day moving average price of $160.35. The company has a market capitalization of $33.32 billion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 5.40 and a beta of 0.23.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Tuesday, August 10th were paid a dividend of $0.603 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.41 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Monday, August 9th. American Water Works’s payout ratio is 61.79%.
A number of analysts have commented on the company. Argus raised American Water Works from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Friday, August 6th. HSBC lowered American Water Works from a “buy” rating to a “hold” rating and lifted their price objective for the company from $181.00 to $190.00 in a research note on Wednesday, September 1st. They noted that the move was a valuation call. US Capital Advisors lowered American Water Works from an “overweight” rating to a “hold” rating in a research note on Friday, August 13th. Barclays lifted their price objective on American Water Works from $170.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, July 15th. Finally, Janney Montgomery Scott lowered American Water Works from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $159.00 to $181.00 in a research note on Wednesday, August 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $182.00.
American Water Works Profile
American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.
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