American Water Works Company, Inc. $AWK Stock: Oppenheimer & Co. Inc. Cuts Holdings

Oppenheimer & Co. Inc. lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 53.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,519 shares of the utilities provider’s stock after selling 5,272 shares during the period. Oppenheimer & Co. Inc.’s holdings in American Water Works were worth $585,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Center for Financial Planning Inc. lifted its holdings in American Water Works by 43.5% during the 3rd quarter. Center for Financial Planning Inc. now owns 287 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 87 shares during the last quarter. Miller Howard Investments Inc. NY boosted its position in American Water Works by 2.9% during the third quarter. Miller Howard Investments Inc. NY now owns 64,211 shares of the utilities provider’s stock worth $8,313,000 after purchasing an additional 1,792 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of American Water Works by 28.8% in the third quarter. Apollon Wealth Management LLC now owns 14,604 shares of the utilities provider’s stock valued at $2,003,000 after purchasing an additional 3,267 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of American Water Works by 13.8% in the third quarter. Kingswood Wealth Advisors LLC now owns 2,397 shares of the utilities provider’s stock valued at $310,000 after purchasing an additional 291 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in shares of American Water Works in the third quarter valued at $31,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

AWK opened at $149.43 on Thursday. The business has a fifty day simple moving average of $136.16 and a 200 day simple moving average of $132.67. The company has a market capitalization of $29.75 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $149.68. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.39 and a quick ratio of 0.36.

American Water Works (NYSE:AWK – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.04). The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.58 billion. American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 EPS. Research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Thursday, November 12th will be paid a $0.8950 dividend. The ex-dividend date is Thursday, November 12th. This represents a $3.58 annualized dividend and a dividend yield of 2.4%. American Water Works’s dividend payout ratio is 62.05%.

Key Headlines Impacting American Water Works

Here are the key news stories impacting American Water Works this week:

Analysts Set New Price Targets

Several brokerages have recently weighed in on AWK. Mizuho set a $149.00 price objective on shares of American Water Works in a research report on Friday, October 30th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Bank of America reiterated a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. JPMorgan Chase & Co. upped their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, UBS Group lowered their price target on shares of American Water Works from $162.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and an average target price of $139.86.

Read Our Latest Stock Report on American Water Works

American Water Works Profile

(Free Report)

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.

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

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