Amalgamated Bank Has $2.02 Million Stake in American Water Works Company Inc (AWK)

Amalgamated Bank lowered its stake in shares of American Water Works Company Inc (NYSE:AWK) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,249 shares of the utilities provider’s stock after selling 327 shares during the period. Amalgamated Bank’s holdings in American Water Works were worth $2,020,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. grew its holdings in American Water Works by 1.0% during the 4th quarter. D.A. Davidson & CO. now owns 12,063 shares of the utilities provider’s stock worth $1,095,000 after acquiring an additional 123 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in shares of American Water Works by 0.8% in the 4th quarter. Chesley Taft & Associates LLC now owns 15,860 shares of the utilities provider’s stock valued at $1,440,000 after buying an additional 125 shares during the period. Parallel Advisors LLC boosted its holdings in shares of American Water Works by 6.3% in the 4th quarter. Parallel Advisors LLC now owns 2,135 shares of the utilities provider’s stock valued at $193,000 after buying an additional 126 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of American Water Works by 1.1% in the 4th quarter. Raymond James Trust N.A. now owns 12,900 shares of the utilities provider’s stock valued at $1,171,000 after buying an additional 137 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in shares of American Water Works by 26.7% in the 4th quarter. Moody National Bank Trust Division now owns 665 shares of the utilities provider’s stock valued at $61,000 after buying an additional 140 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Shares of AWK stock traded up $2.42 during midday trading on Friday, reaching $104.70. 1,882,145 shares of the company were exchanged, compared to its average volume of 1,092,955. American Water Works Company Inc has a 12 month low of $77.73 and a 12 month high of $107.71. The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 3.62 and a beta of 0.25. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 1.29.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Tuesday, February 19th. The utilities provider reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. American Water Works had a net margin of 16.48% and a return on equity of 10.36%. The company had revenue of $850.00 million for the quarter, compared to the consensus estimate of $823.93 million. During the same period in the previous year, the firm earned $0.69 EPS. American Water Works’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that American Water Works Company Inc will post 3.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 13th will be issued a $0.50 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, May 10th. American Water Works’s payout ratio is presently 55.15%.

AWK has been the subject of several research reports. Zacks Investment Research reaffirmed a “buy” rating and issued a $104.00 price target on shares of American Water Works in a report on Monday, December 31st. Wells Fargo & Co reissued a “buy” rating on shares of American Water Works in a research note on Wednesday, January 2nd. Bank of America boosted their target price on shares of American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 21st. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $102.00 target price on shares of American Water Works in a research note on Thursday, February 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $103.57.

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About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; 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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