Keybank National Association OH Cuts Position in American Water Works Company, Inc. (NYSE:AWK)

Keybank National Association OH trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 24.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 342,198 shares of the utilities provider’s stock after selling 110,763 shares during the quarter. Keybank National Association OH’s holdings in American Water Works were worth $42,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IHT Wealth Management LLC grew its holdings in shares of American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after buying an additional 76 shares during the last quarter. Assetmark Inc. raised its position in shares of American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares during the period. Brookfield Corp ON raised its position in shares of American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after purchasing an additional 89 shares during the period. Bleakley Financial Group LLC grew its stake in American Water Works by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 89 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 90 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AWK shares. JPMorgan Chase & Co. dropped their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their price objective on shares of American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $140.57.

American Water Works Trading Up 2.6 %

Shares of AWK stock opened at $139.48 on Tuesday. The firm has a market cap of $27.19 billion, a P/E ratio of 25.88, a PEG ratio of 2.80 and a beta of 0.72. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The firm’s 50-day simple moving average is $126.08 and its 200-day simple moving average is $134.36.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is 56.77%.

American Water Works Company 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.