American Water Works Company Inc (NYSE:AWK) Shares Sold by Livingston Group Asset Management CO operating as Southport Capital Management

Livingston Group Asset Management CO operating as Southport Capital Management lessened its holdings in American Water Works Company Inc (NYSE:AWK) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,781 shares of the utilities provider’s stock after selling 747 shares during the quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in American Water Works were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in American Water Works by 17.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock worth $1,017,533,000 after purchasing an additional 1,293,688 shares during the period. BlackRock Inc. raised its holdings in American Water Works by 5.7% in the 2nd quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock valued at $1,786,029,000 after acquiring an additional 827,507 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in American Water Works in the 2nd quarter valued at approximately $59,360,000. State Street Corp raised its holdings in American Water Works by 3.0% in the 3rd quarter. State Street Corp now owns 9,374,832 shares of the utilities provider’s stock valued at $1,164,635,000 after acquiring an additional 271,977 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in American Water Works by 23.4% in the 2nd quarter. California Public Employees Retirement System now owns 1,370,379 shares of the utilities provider’s stock valued at $158,964,000 after acquiring an additional 259,864 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Several research firms have commented on AWK. ValuEngine cut American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating and set a $126.00 price target for the company. in a report on Monday, December 16th. Janney Montgomery Scott increased their target price on American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Bank of America reissued an “underperform” rating and issued a target price (up from ) on shares of American Water Works in a report on Monday. Finally, Robert W. Baird increased their target price on American Water Works from $117.00 to $128.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $132.00.

Shares of AWK traded up $1.18 during mid-day trading on Thursday, reaching $128.06. The company had a trading volume of 284,876 shares, compared to its average volume of 819,562. American Water Works Company Inc has a twelve month low of $90.71 and a twelve month high of $129.89. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.54 and a quick ratio of 0.51. The company’s 50-day moving average is $121.77 and its 200-day moving average is $121.00. The company has a market capitalization of $23.19 billion, a P/E ratio of 38.81, a P/E/G ratio of 3.98 and a beta of 0.05.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $1.20 EPS. American Water Works’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that American Water Works Company Inc will post 3.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. American Water Works’s dividend payout ratio is 60.61%.

American Water Works Company Profile

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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