American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its holdings in American Water Works Company, Inc. (NYSE:AWK) by 35.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,334 shares of the utilities provider’s stock after selling 6,110 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in American Water Works were worth $1,464,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in American Water Works by 2.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,114 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 118 shares during the period. ING Groep NV boosted its holdings in shares of American Water Works by 9.1% in the 4th quarter. ING Groep NV now owns 26,656 shares of the utilities provider’s stock valued at $3,518,000 after purchasing an additional 2,217 shares during the last quarter. Norges Bank purchased a new stake in shares of American Water Works during the 4th quarter valued at $275,476,000. Coldstream Capital Management Inc. increased its holdings in shares of American Water Works by 43.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,622 shares of the utilities provider’s stock worth $346,000 after buying an additional 792 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of American Water Works by 7.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,320,042 shares of the utilities provider’s stock worth $174,232,000 after buying an additional 86,234 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Performance

Shares of AWK stock opened at $149.88 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The company has a market cap of $29.20 billion, a PE ratio of 30.40, a P/E/G ratio of 3.49 and a beta of 0.69. The company’s fifty day simple moving average is $142.52 and its 200-day simple moving average is $131.26. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68.

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

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works’s dividend payout ratio is presently 62.07%.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $135.60.

About American Water Works

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.