Moran Wealth Management LLC Decreases Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Moran Wealth Management LLC lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 16.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,439 shares of the utilities provider’s stock after selling 6,187 shares during the quarter. Moran Wealth Management LLC’s holdings in American Water Works were worth $4,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AWK. Avion Wealth purchased a new position in American Water Works in the 2nd quarter worth approximately $25,000. TCTC Holdings LLC purchased a new position in American Water Works in the first quarter valued at about $26,000. Fiduciary Alliance LLC purchased a new position in American Water Works in the second quarter valued at about $27,000. Clear Street Markets LLC purchased a new position in American Water Works in the fourth quarter valued at about $28,000. Finally, Trium Capital LLP purchased a new position in American Water Works in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

American Water Works Trading Down 1.1 %

American Water Works stock opened at $130.67 on Tuesday. The firm’s 50-day moving average is $125.08 and its 200-day moving average is $137.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.97 and a current ratio of 1.03. American Water Works Company, Inc. has a 1 year low of $114.25 and a 1 year high of $162.59. The company has a market cap of $25.44 billion, a P/E ratio of 27.11, a PEG ratio of 3.31 and a beta of 0.63.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.11. American Water Works had a net margin of 22.26% and a return on equity of 9.99%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $1.63 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts expect that American Water Works Company, Inc. will post 4.82 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 14th will be paid a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, November 13th. American Water Works’s payout ratio is 58.71%.

Analyst Ratings Changes

AWK has been the subject of a number of analyst reports. StockNews.com initiated coverage on American Water Works in a report on Thursday, October 5th. They issued a “sell” rating for the company. Guggenheim reduced their price target on American Water Works from $147.00 to $126.00 in a report on Monday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $169.00 price target on shares of American Water Works in a research report on Thursday, September 14th. Finally, Mizuho increased their price target on shares of American Water Works from $134.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th.

Insider Buying and Selling at American Water Works

In related news, Director Michael Marberry bought 3,786 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $130.20 per share, for a total transaction of $492,937.20. Following the completion of the purchase, the director now owns 7,459 shares of the company’s stock, valued at approximately $971,161.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by company insiders.

American Water Works Profile

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 1,600 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.