American Water Works Company, Inc. (NYSE:AWK) Shares Sold by NBT Bank N A NY

NBT Bank N A NY decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,669 shares of the utilities provider’s stock after selling 286 shares during the period. NBT Bank N A NY’s holdings in American Water Works were worth $1,636,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AWK. Concurrent Investment Advisors LLC lifted its stake in shares of American Water Works by 451.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,159 shares of the utilities provider’s stock valued at $1,700,000 after purchasing an additional 10,772 shares during the last quarter. Rothschild Investment LLC acquired a new position in American Water Works in the second quarter valued at about $140,000. Mirova US LLC boosted its stake in American Water Works by 2.1% during the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock worth $205,120,000 after buying an additional 32,764 shares during the period. Sabal Trust CO increased its position in shares of American Water Works by 4.9% during the second quarter. Sabal Trust CO now owns 177,442 shares of the utilities provider’s stock valued at $22,918,000 after acquiring an additional 8,356 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of American Water Works during the second quarter valued at about $46,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. UBS Group raised their price target 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and an average price target of $141.17.

American Water Works Stock Up 0.9 %

American Water Works stock traded up $1.30 during mid-day trading on Friday, reaching $143.12. 1,833,474 shares of the company’s stock were exchanged, compared to its average volume of 1,242,995. The company has a quick ratio of 0.79, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $149.00. The company has a market cap of $27.88 billion, a P/E ratio of 29.03, a P/E/G ratio of 3.44 and a beta of 0.67. The company has a fifty day moving average of $138.48 and a 200-day moving average of $128.94.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. Sell-side analysts expect that American Water Works Company, Inc. will post 5.25 EPS for the current year.

American Water Works Dividend Announcement

The business 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 2.14%. The ex-dividend date is Tuesday, August 13th. American Water Works’s payout ratio 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.