Xcel Wealth Management LLC Takes $210,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Xcel Wealth Management LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,434 shares of the utilities provider’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AWK. Miracle Mile Advisors LLC raised its position in American Water Works by 2.9% in the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock worth $408,000 after acquiring an additional 79 shares during the period. Asset Dedication LLC raised its position in American Water Works by 1.6% in the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 85 shares during the period. Moody National Bank Trust Division raised its position in American Water Works by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after acquiring an additional 88 shares during the period. Signaturefd LLC raised its position in American Water Works by 2.0% in the third quarter. Signaturefd LLC now owns 4,649 shares of the utilities provider’s stock worth $680,000 after acquiring an additional 90 shares during the period. Finally, State of Alaska Department of Revenue raised its position in American Water Works by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock worth $2,581,000 after acquiring an additional 95 shares during the period. 86.58% of the stock is owned by institutional investors.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AWK shares. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Finally, Jefferies Financial Group assumed coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.00.

American Water Works Price Performance

Shares of NYSE:AWK traded down $1.12 on Tuesday, reaching $139.93. The company’s stock had a trading volume of 393,014 shares, compared to its average volume of 1,199,373. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The company has a market cap of $27.26 billion, a P/E ratio of 28.61, a PEG ratio of 3.28 and a beta of 0.69. The company has a 50-day simple moving average of $143.23 and a 200 day simple moving average of $135.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a $0.765 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.19%. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

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 1,700 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.