Amalgamated Bank Sells 7,197 Shares of American Water Works Company, Inc. (NYSE:AWK)

Amalgamated Bank decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 14.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,404 shares of the utilities provider’s stock after selling 7,197 shares during the period. Amalgamated Bank’s holdings in American Water Works were worth $5,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates raised its position in American Water Works by 3.9% during the 4th quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock valued at $71,127,000 after purchasing an additional 20,288 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of American Water Works by 7,752.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after acquiring an additional 477,235 shares in the last quarter. NBC Securities Inc. raised its position in shares of American Water Works by 44.5% in the 4th quarter. NBC Securities Inc. now owns 25,680 shares of the utilities provider’s stock worth $3,389,000 after acquiring an additional 7,910 shares in the last quarter. Covea Finance raised its position in shares of American Water Works by 20.4% in the 4th quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock worth $36,758,000 after acquiring an additional 47,200 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of American Water Works by 5.7% in the 4th quarter. Victory Capital Management Inc. now owns 120,124 shares of the utilities provider’s stock worth $15,855,000 after acquiring an additional 6,486 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of several research reports. UBS Group increased their target price on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. Finally, StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $141.33.

Read Our Latest Research Report on AWK

American Water Works Stock Up 0.6 %

Shares of American Water Works stock traded up $0.80 during midday trading on Tuesday, hitting $134.37. The company had a trading volume of 715,990 shares, compared to its average volume of 1,462,346. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.79 and a current ratio of 0.85. The stock has a market capitalization of $26.18 billion, a P/E ratio of 27.25, a P/E/G ratio of 3.19 and a beta of 0.62. The company has a 50 day moving average of $122.67 and a 200 day moving average of $125.63. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $151.22.

American Water Works (NYSE:AWKGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $962.30 million. American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 EPS. On average, equities analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.28%. This is an increase from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, May 13th. American Water Works’s dividend payout ratio (DPR) is currently 62.07%.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the sale, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

American Water Works Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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