SG Americas Securities LLC Sells 14,983 Shares of American Water Works Company, Inc. (NYSE:AWK)

SG Americas Securities LLC lowered its stake in American Water Works Company, Inc. (NYSE:AWKGet Rating) by 78.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,057 shares of the utilities provider’s stock after selling 14,983 shares during the quarter. SG Americas Securities LLC’s holdings in American Water Works were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of American Water Works by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after buying an additional 434,737 shares during the period. State Street Corp raised its stake in shares of American Water Works by 0.8% in the second quarter. State Street Corp now owns 10,526,327 shares of the utilities provider’s stock worth $1,566,002,000 after buying an additional 79,090 shares during the period. Pictet Asset Management SA raised its stake in shares of American Water Works by 0.9% in the second quarter. Pictet Asset Management SA now owns 7,112,897 shares of the utilities provider’s stock worth $1,058,253,000 after buying an additional 64,820 shares during the period. Deutsche Bank AG raised its stake in shares of American Water Works by 2.1% in the second quarter. Deutsche Bank AG now owns 4,314,760 shares of the utilities provider’s stock worth $641,904,000 after buying an additional 88,733 shares during the period. Finally, Northern Trust Corp raised its stake in shares of American Water Works by 2.6% in the second quarter. Northern Trust Corp now owns 3,559,556 shares of the utilities provider’s stock worth $529,556,000 after buying an additional 89,415 shares during the period. Institutional investors own 83.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AWK shares. Wells Fargo & Company raised their price objective on American Water Works from $149.00 to $159.00 in a research note on Wednesday, December 14th. StockNews.com initiated coverage on American Water Works in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Guggenheim decreased their target price on American Water Works from $155.00 to $138.00 in a research note on Monday, October 24th. HSBC decreased their target price on American Water Works to $158.00 in a research note on Tuesday, November 15th. Finally, UBS Group lifted their target price on American Water Works to $151.00 in a research note on Friday, November 4th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $154.67.

American Water Works Stock Performance

NYSE AWK opened at $150.97 on Tuesday. The stock has a market capitalization of $27.45 billion, a PE ratio of 20.82, a P/E/G ratio of 3.93 and a beta of 0.52. The business has a 50 day simple moving average of $153.42 and a two-hundred day simple moving average of $148.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.48 and a quick ratio of 0.43. American Water Works Company, Inc. has a 1-year low of $122.77 and a 1-year high of $173.87.

American Water Works (NYSE:AWKGet Rating) last released its quarterly earnings results on Monday, October 31st. The utilities provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.14. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. American Water Works had a return on equity of 10.99% and a net margin of 34.58%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. On average, research analysts predict that American Water Works Company, Inc. will post 4.46 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th will be issued a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, February 6th. American Water Works’s dividend payout ratio (DPR) is 36.14%.

American Water Works Company Profile

(Get Rating)

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 3.4 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.

Further Reading

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWKGet Rating).

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.