Gilman Hill Asset Management LLC Has $524,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Gilman Hill Asset Management LLC lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.6% in the second quarter, HoldingsChannel reports. The fund owned 4,060 shares of the utilities provider’s stock after selling 150 shares during the period. Gilman Hill Asset Management LLC’s holdings in American Water Works were worth $524,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after purchasing an additional 624,977 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in American Water Works by 1.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,143,437 shares of the utilities provider’s stock valued at $261,949,000 after buying an additional 25,887 shares in the last quarter. Norges Bank acquired a new position in American Water Works in the 4th quarter valued at $275,476,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in American Water Works by 945.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock valued at $238,397,000 after buying an additional 1,633,389 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in 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 valued at $174,232,000 after buying an additional 86,234 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE:AWK traded down $2.43 during trading hours on Friday, hitting $142.28. The company’s stock had a trading volume of 1,057,111 shares, compared to its average volume of 1,292,024. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.79. The company has a market capitalization of $27.72 billion, a P/E ratio of 28.86, a PEG ratio of 3.44 and a beta of 0.67. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $149.00. The stock has a fifty day simple moving average of $135.03 and a 200-day simple moving average of $127.08.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. American Water Works’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 earnings per share. On average, analysts anticipate that American Water Works Company, Inc. will post 5.25 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th will be given a dividend of $0.765 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.15%. American Water Works’s dividend payout ratio (DPR) is 62.07%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AWK shares. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. UBS Group raised their price objective on 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 investment 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, the company currently has a consensus rating of “Hold” and a consensus price target of $141.17.

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.