Aigen Investment Management LP Cuts Stake in American Water Works Company, Inc. (NYSE:AWK)

Aigen Investment Management LP trimmed its stake in American Water Works Company, Inc. (NYSE:AWKFree Report) by 85.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,582 shares of the utilities provider’s stock after selling 32,906 shares during the period. Aigen Investment Management LP’s holdings in American Water Works were worth $737,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MV Capital Management Inc. increased its holdings in shares of American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 103 shares during the period. ORG Partners LLC increased its stake in American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after buying an additional 103 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of American Water Works in the fourth quarter valued at approximately $35,000. Key Financial Inc lifted its holdings in American Water Works by 266.7% in the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new position in American Water Works during the fourth quarter worth $40,000. 86.58% of the stock is owned by institutional investors.

Insider Activity

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the firm’s 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 approximately $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AWK. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $160.00 to $135.00 in a report on Friday, February 16th. UBS Group lifted 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 note on Monday, May 13th. Finally, StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus price target of $141.33.

View Our Latest Stock Report on AWK

American Water Works Stock Performance

Shares of NYSE:AWK traded down $0.02 during trading on Wednesday, reaching $134.34. 231,951 shares of the company’s stock traded hands, compared to its average volume of 1,449,598. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.22. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. The stock has a market capitalization of $26.17 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 3.19 and a beta of 0.62. The company has a 50 day moving average of $122.97 and a 200-day moving average of $125.66.

American Water Works (NYSE:AWKGet Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.95 EPS 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 for the quarter, compared to analyst estimates of $962.30 million. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.765 per share. The ex-dividend date is Monday, May 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.28%. This is an increase from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s dividend payout ratio (DPR) is currently 62.07%.

About American Water Works

(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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