Lbp Am Sa Trims Stock Holdings in American Water Works Company, Inc. $AWK

Lbp Am Sa lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 16.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,933 shares of the utilities provider’s stock after selling 3,901 shares during the quarter. Lbp Am Sa’s holdings in American Water Works were worth $2,774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB boosted its stake in shares of American Water Works by 88.5% during the 3rd quarter. Swedbank AB now owns 257,413 shares of the utilities provider’s stock worth $35,829,000 after acquiring an additional 120,890 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of American Water Works by 31.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 136,504 shares of the utilities provider’s stock valued at $19,000,000 after acquiring an additional 32,834 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in American Water Works by 7.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 116,690 shares of the utilities provider’s stock valued at $16,242,000 after purchasing an additional 7,831 shares in the last quarter. LGT Fund Management Co Ltd. lifted its stake in shares of American Water Works by 144.4% during the 2nd quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 8,703 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its stake in American Water Works by 11.2% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock worth $508,000 after buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock opened at $130.43 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. American Water Works Company, Inc. has a 12 month low of $121.39 and a 12 month high of $155.50. The company has a fifty day moving average price of $130.58 and a two-hundred day moving average price of $136.23. The company has a market cap of $25.46 billion, a PE ratio of 22.92, a P/E/G ratio of 3.04 and a beta of 0.76.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 EPS. Research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s dividend payout ratio is 58.17%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AWK. TD Cowen assumed coverage on shares of American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective for the company. UBS Group set a $149.00 price target on shares of American Water Works in a research report on Wednesday, December 17th. Barclays decreased their price target on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and upped their price objective for the stock from $114.00 to $124.00 in a report on Wednesday, November 5th. Finally, Mizuho set a $145.00 target price on American Water Works in a report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $140.89.

American Water Works 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.