Nia Impact Advisors LLC Trims Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Nia Impact Advisors LLC trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK) by 5.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,636 shares of the utilities provider’s stock after selling 100 shares during the period. Nia Impact Advisors LLC’s holdings in American Water Works were worth $211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of American Water Works during the 4th quarter worth $275,476,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of American Water Works by 945.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock valued at $238,397,000 after acquiring an additional 1,633,389 shares during the period. M&G Plc acquired a new position in shares of American Water Works in the 1st quarter worth approximately $108,688,000. Vanguard Group Inc. raised its stake in shares of American Water Works by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after acquiring an additional 624,977 shares in the last quarter. Finally, Nuance Investments LLC boosted its holdings in American Water Works by 70.3% in the first quarter. Nuance Investments LLC now owns 958,309 shares of the utilities provider’s stock valued at $117,115,000 after purchasing an additional 395,684 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $135.60.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

American Water Works Trading Up 0.7 %

Shares of American Water Works stock opened at $148.13 on Friday. The company’s fifty day moving average is $141.76 and its two-hundred day moving average is $130.74. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $149.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64. The company has a market capitalization of $28.86 billion, a P/E ratio of 30.05, a PEG ratio of 3.49 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its quarterly earnings results 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). 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 last year, the firm earned $1.44 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that American Water Works Company, Inc. will post 5.27 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Tuesday, August 13th. American Water Works’s payout ratio is 62.07%.

About American Water Works

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.