Kestra Private Wealth Services LLC Has $1.73 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Kestra Private Wealth Services LLC increased its stake in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,092 shares of the utilities provider’s stock after buying an additional 1,299 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in American Water Works were worth $1,728,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp grew its position in American Water Works by 5.2% during the fourth quarter. Van ECK Associates Corp now owns 52,578 shares of the utilities provider’s stock worth $6,940,000 after buying an additional 2,602 shares in the last quarter. Choreo LLC grew its position in American Water Works by 13.6% during the fourth quarter. Choreo LLC now owns 1,967 shares of the utilities provider’s stock worth $260,000 after buying an additional 235 shares in the last quarter. Cora Capital Advisors LLC acquired a new stake in American Water Works during the fourth quarter worth approximately $208,000. Gitterman Wealth Management LLC grew its position in American Water Works by 28.1% during the fourth quarter. Gitterman Wealth Management LLC now owns 2,619 shares of the utilities provider’s stock worth $346,000 after buying an additional 575 shares in the last quarter. Finally, Paradigm Financial Partners LLC grew its position in American Water Works by 12.1% during the fourth quarter. Paradigm Financial Partners LLC now owns 24,827 shares of the utilities provider’s stock worth $3,277,000 after buying an additional 2,675 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $160.00 to $135.00 in a research note on Friday, February 16th.

View Our Latest Research Report on American Water Works

Insider Buying and Selling

In related news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the sale, the executive vice president now owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Trading Up 0.7 %

Shares of AWK stock opened at $125.98 on Friday. The firm has a market capitalization of $24.54 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.92 and a beta of 0.62. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $151.24. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $119.33 and its 200 day simple moving average is $124.29.

American Water Works (NYSE:AWKGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 14th will be given a dividend of $0.765 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.43%. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s payout ratio is currently 57.87%.

American Water Works Company Profile

(Free Report)

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.

Featured Stories

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

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.