Bank of New York Mellon Corp Sells 23,712 Shares of American Water Works Company, Inc. (NYSE:AWK)

Bank of New York Mellon Corp lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,249,426 shares of the utilities provider’s stock after selling 23,712 shares during the quarter. Bank of New York Mellon Corp’s holdings in American Water Works were worth $155,541,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Crestwood Advisors Group LLC raised its position in shares of American Water Works by 3.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 4,704 shares of the utilities provider’s stock worth $586,000 after acquiring an additional 163 shares in the last quarter. RWC Asset Management LLP bought a new position in American Water Works during the 4th quarter valued at approximately $2,606,000. Y Intercept Hong Kong Ltd bought a new position in American Water Works during the 4th quarter valued at approximately $936,000. Union Bancaire Privee UBP SA bought a new position in American Water Works during the 4th quarter valued at approximately $774,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in American Water Works by 1,176.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,615 shares of the utilities provider’s stock valued at $2,566,000 after buying an additional 19,000 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Water Works Stock Performance

Shares of AWK opened at $136.21 on Friday. The business’s fifty day simple moving average is $125.81 and its two-hundred day simple moving average is $134.47. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a market cap of $26.55 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 2.80 and a beta of 0.72.

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

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.25%. American Water Works’s dividend payout ratio (DPR) is currently 56.77%.

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.