Baker Tilly Wealth Management LLC Lowers Position in American Water Works Company, Inc. (NYSE:AWK)

Baker Tilly Wealth Management LLC trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 16.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,492 shares of the utilities provider’s stock after selling 477 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in American Water Works were worth $322,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AWK. Sequoia Financial Advisors LLC increased its stake in shares of American Water Works by 59.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,574 shares of the utilities provider’s stock valued at $472,000 after purchasing an additional 1,326 shares in the last quarter. ORG Partners LLC raised its stake in American Water Works by 79.2% during the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after buying an additional 103 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in American Water Works in the fourth quarter worth $1,557,000. Tyche Wealth Partners LLC purchased a new stake in shares of American Water Works in the fourth quarter worth $365,000. Finally, Scissortail Wealth Management LLC bought a new position in shares of American Water Works during the fourth quarter valued at $488,000. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AWK. Wells Fargo & Company cut 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 note on Wednesday, July 31st. UBS Group raised their price target on shares of 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $141.17.

American Water Works Stock Performance

Shares of AWK traded down $1.05 during mid-day trading on Friday, hitting $140.98. 643,659 shares of the company traded hands, compared to its average volume of 1,274,172. The stock has a market cap of $27.47 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 3.44 and a beta of 0.67. The stock has a 50-day moving average price of $136.12 and a two-hundred day moving average price of $127.68. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $149.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 0.64.

American Water Works (NYSE:AWK) last announced its 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 company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. American Water Works’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that American Water Works Company, Inc. will post 5.25 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th will be paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, August 13th. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

American Water Works Profile

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.