TIAA Trust National Association Has $331,000 Position in American Water Works Company, Inc. (NYSE:AWK)

TIAA Trust National Association lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 12.1% during the second quarter, Holdings Channel reports. The fund owned 2,563 shares of the utilities provider’s stock after selling 354 shares during the period. TIAA Trust National Association’s holdings in American Water Works were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AWK. Rhumbline Advisers lifted its stake in shares of American Water Works by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 439,962 shares of the utilities provider’s stock worth $56,825,000 after buying an additional 9,490 shares during the last quarter. FFT Wealth Management LLC bought a new stake in shares of American Water Works during the second quarter worth approximately $282,000. Natixis Advisors LLC grew its position in shares of American Water Works by 23.1% in the second quarter. Natixis Advisors LLC now owns 69,232 shares of the utilities provider’s stock valued at $8,942,000 after purchasing an additional 12,994 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of American Water Works during the second quarter worth approximately $5,024,000. Finally, Obermeyer Wood Investment Counsel Lllp lifted its holdings in American Water Works by 6.4% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,116 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE:AWK opened at $143.94 on Friday. The company has a market cap of $28.04 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 3.40 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $149.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64. The stock has a fifty day moving average price of $139.87 and a 200-day moving average price of $129.70.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.26 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were given a dividend of $0.765 per share. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.13%. American Water Works’s dividend payout ratio is 62.07%.

Wall Street Analyst Weigh In

AWK has been the topic of a number of research reports. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. UBS Group upped their price target on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $141.17.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares in the company, valued at $5,268,308. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by 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 1,700 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.