Vanguard Personalized Indexing Management LLC Sells 4,826 Shares of American Water Works Company, Inc. $AWK

Vanguard Personalized Indexing Management LLC lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,847 shares of the utilities provider’s stock after selling 4,826 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Water Works were worth $5,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AWK. American National Bank & Trust bought a new stake in shares of American Water Works in the 3rd quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC purchased a new position in American Water Works during the third quarter valued at $27,000. Concord Wealth Partners bought a new stake in American Water Works in the second quarter worth $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of American Water Works in the third quarter worth $28,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of American Water Works during the second quarter valued at $29,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

AWK has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research note on Wednesday, December 17th. Wells Fargo & Company cut their price target on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Mizuho set a $145.00 price objective on shares of American Water Works in a report on Tuesday, October 28th. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $117.00 to $139.00 in a research report on Monday, January 12th. Finally, UBS Group set a $149.00 target price on American Water Works in a research note on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $140.89.

American Water Works Stock Performance

Shares of NYSE AWK traded down $2.00 during midday trading on Wednesday, hitting $128.53. 114,523 shares of the stock traded hands, compared to its average volume of 1,440,692. The firm has a 50-day moving average of $130.58 and a two-hundred day moving average of $136.23. The firm has a market capitalization of $25.09 billion, a P/E ratio of 22.65, a PEG ratio of 3.04 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.39 and a current ratio of 0.42. American Water Works Company, Inc. has a one year low of $121.39 and a one year high of $155.50.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. American Water Works’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio is 58.17%.

American Water Works Company Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.