Principal Financial Group Inc. Sells 3,918 Shares of American Water Works Company, Inc. (NYSE:AWK)

Principal Financial Group Inc. trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,728 shares of the utilities provider’s stock after selling 3,918 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of American Water Works worth $29,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in American Water Works by 3.9% during the fourth quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock worth $71,127,000 after buying an additional 20,288 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in American Water Works by 7,752.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after buying an additional 477,235 shares during the last quarter. NBC Securities Inc. lifted its position in shares of American Water Works by 44.5% during the fourth quarter. NBC Securities Inc. now owns 25,680 shares of the utilities provider’s stock worth $3,389,000 after purchasing an additional 7,910 shares in the last quarter. Covea Finance lifted its position in shares of American Water Works by 20.4% during the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock worth $36,758,000 after purchasing an additional 47,200 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of American Water Works by 5.7% during the fourth quarter. Victory Capital Management Inc. now owns 120,124 shares of the utilities provider’s stock worth $15,855,000 after purchasing an additional 6,486 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Down 0.4 %

Shares of NYSE AWK opened at $133.76 on Friday. The company’s 50 day simple moving average is $122.40 and its 200 day simple moving average is $125.52. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $151.22. The firm has a market capitalization of $26.06 billion, a P/E ratio of 27.13, a P/E/G ratio of 3.20 and a beta of 0.62. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79.

American Water Works (NYSE:AWKGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $962.30 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 14th will be issued a $0.765 dividend. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a yield of 2.29%. The ex-dividend date is Monday, May 13th. American Water Works’s dividend payout ratio is currently 62.07%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. UBS Group upped their target price on shares of American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $141.33.

Check Out Our Latest Analysis on American Water Works

Insider Activity at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the sale, the executive vice president now directly owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

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.

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

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