Venturi Wealth Management LLC Has $2.08 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Venturi Wealth Management LLC decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,273 shares of the utilities provider’s stock after selling 968 shares during the period. Venturi Wealth Management LLC’s holdings in American Water Works were worth $2,075,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of American Water Works by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,253,929 shares of the utilities provider’s stock valued at $3,275,868,000 after purchasing an additional 96,922 shares during the period. State Street Corp grew its position in American Water Works by 0.7% during the 2nd quarter. State Street Corp now owns 9,331,545 shares of the utilities provider’s stock worth $1,438,271,000 after acquiring an additional 66,121 shares during the last quarter. Invesco Ltd. grew its position in American Water Works by 27.4% during the 2nd quarter. Invesco Ltd. now owns 3,472,343 shares of the utilities provider’s stock worth $535,191,000 after acquiring an additional 747,665 shares during the last quarter. Geode Capital Management LLC grew its position in American Water Works by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,299,958 shares of the utilities provider’s stock worth $507,254,000 after acquiring an additional 73,651 shares during the last quarter. Finally, Bank of America Corp DE grew its position in American Water Works by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 3,226,041 shares of the utilities provider’s stock worth $497,231,000 after acquiring an additional 56,986 shares during the last quarter. 81.49% of the stock is owned by hedge funds and other institutional investors.

In other news, COO Cheryl Norton sold 2,906 shares of the firm’s stock in a transaction dated Friday, November 19th. The stock was sold at an average price of $173.47, for a total value of $504,103.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Walter Lynch sold 24,617 shares of the firm’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $173.42, for a total value of $4,269,080.14. The disclosure for this sale can be found here. Insiders sold a total of 37,559 shares of company stock worth $6,506,950 in the last three months. Company insiders own 0.17% of the company’s stock.

Shares of American Water Works stock opened at $163.57 on Friday. The company has a market capitalization of $29.69 billion, a PE ratio of 38.95, a PEG ratio of 4.70 and a beta of 0.31. American Water Works Company, Inc. has a 12 month low of $131.01 and a 12 month high of $189.65. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $175.80 and its 200 day simple moving average is $174.32.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Tuesday, November 2nd. The utilities provider reported $1.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.53. American Water Works had a return on equity of 11.48% and a net margin of 19.55%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $1.46 EPS. Analysts predict that American Water Works Company, Inc. will post 4.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Tuesday, February 8th will be paid a $0.6025 dividend. This represents a $2.41 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, February 7th. American Water Works’s dividend payout ratio is 57.38%.

A number of equities research analysts recently commented on AWK shares. Barclays increased their price target on American Water Works from $174.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 8th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered American Water Works from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $172.00 to $171.00 in a research report on Friday, January 7th. Bank of America lowered American Water Works from a “neutral” rating to an “underperform” rating and set a $178.00 price objective on the stock. in a research report on Monday, September 27th. The Goldman Sachs Group lowered American Water Works from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $191.00 to $177.00 in a research report on Wednesday, November 3rd. Finally, UBS Group lowered American Water Works from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $185.00 to $176.00 in a research report on Wednesday, January 5th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $181.67.

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

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