MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 20,562 Shares of American Water Works Company, Inc. (NYSE:AWK)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its position in American Water Works Company, Inc. (NYSE:AWK) by 52.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,336 shares of the utilities provider’s stock after selling 20,562 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in American Water Works were worth $2,681,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC increased its position in American Water Works by 2.9% during the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock worth $408,000 after acquiring an additional 79 shares during the period. Asset Dedication LLC increased its position in American Water Works by 1.6% during the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 85 shares during the period. Moody National Bank Trust Division increased its position in American Water Works by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after acquiring an additional 88 shares during the period. State of Alaska Department of Revenue increased its position in American Water Works by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock worth $2,581,000 after acquiring an additional 95 shares during the period. Finally, Sugarloaf Wealth Management LLC increased its position in American Water Works by 25.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 96 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 1.9 %

AWK opened at $138.87 on Monday. The company’s 50 day moving average is $143.47 and its 200-day moving average is $134.37. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The company has a market cap of $27.06 billion, a P/E ratio of 28.17, a PEG ratio of 3.28 and a beta of 0.69.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were paid a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.20%. American Water Works’s payout ratio is currently 62.07%.

Insider Buying and Selling

In related news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the sale, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AWK has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Jefferies Financial Group initiated coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Bank of America reissued an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $140.00.

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.