Keybank National Association OH Sells 18,520 Shares of American Water Works Company, Inc. $AWK

Keybank National Association OH cut its position in American Water Works Company, Inc. (NYSE:AWK) by 6.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 248,432 shares of the utilities provider’s stock after selling 18,520 shares during the quarter. Keybank National Association OH’s holdings in American Water Works were worth $34,579,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in American Water Works by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 25,629,133 shares of the utilities provider’s stock valued at $3,565,269,000 after buying an additional 380,870 shares during the last quarter. State Street Corp increased its stake in American Water Works by 2.6% in the second quarter. State Street Corp now owns 11,430,863 shares of the utilities provider’s stock valued at $1,590,147,000 after acquiring an additional 286,053 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of American Water Works by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock valued at $685,662,000 after purchasing an additional 103,595 shares during the last quarter. Amundi increased its stake in shares of American Water Works by 4.8% in the second quarter. Amundi now owns 3,926,541 shares of the utilities provider’s stock valued at $559,951,000 after buying an additional 179,127 shares during the period. Finally, Invesco Ltd. raised its position in shares of American Water Works by 16.8% during the second quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock worth $478,817,000 after acquiring an additional 494,868 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AWK. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and increased their target price for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. UBS Group set a $149.00 target price on shares of American Water Works in a report on Wednesday, December 17th. Wells Fargo & Company lowered their price objective on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Finally, Mizuho set a $145.00 price objective on shares of American Water Works in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $140.89.

American Water Works Trading Up 0.1%

Shares of AWK opened at $129.09 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. The company’s fifty day simple moving average is $130.53 and its 200-day simple moving average is $135.99. American Water Works Company, Inc. has a twelve month low of $121.39 and a twelve month high of $155.50. The company has a market cap of $25.20 billion, a P/E ratio of 22.69, a P/E/G ratio of 3.00 and a beta of 0.76.

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

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, February 10th. American Water Works’s payout ratio is presently 58.17%.

About American Water Works

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.