Y Intercept Hong Kong Ltd Sells 16,181 Shares of American Water Works Company, Inc. $AWK

Y Intercept Hong Kong Ltd trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 64.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,091 shares of the utilities provider’s stock after selling 16,181 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Water Works were worth $1,265,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AWK. American National Bank & Trust purchased a new position in shares of American Water Works in the 3rd quarter valued at $26,000. Grey Fox Wealth Advisors LLC bought a new stake in American Water Works during the third quarter valued at about $27,000. Concord Wealth Partners purchased a new position in American Water Works in the second quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of American Water Works in the 3rd quarter valued at about $28,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of American Water Works in the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 0.1%

AWK stock opened at $129.09 on Friday. 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 debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. The company has a market capitalization of $25.20 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76. The firm’s fifty day simple moving average is $130.53 and its 200-day simple moving average is $135.99.

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

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders 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 dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s dividend payout ratio is presently 58.17%.

Analysts Set New Price Targets

AWK has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Barclays decreased their price objective on American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th. Mizuho set a $145.00 target price on American Water Works in a research note on Tuesday, October 28th. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and increased their price target for the company from $114.00 to $124.00 in a research note on Wednesday, November 5th. Finally, TD Cowen started coverage on American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target for the company. One equities research 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 data from MarketBeat, American Water Works currently has an average rating of “Hold” and an average price target 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.