American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Norden Group LLC

Norden Group LLC lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,126 shares of the utilities provider’s stock after selling 190 shares during the quarter. Norden Group LLC’s holdings in American Water Works were worth $514,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AWK. Crews Bank & Trust acquired a new position in shares of American Water Works during the fourth quarter valued at approximately $26,000. Providence First Trust Co acquired a new position in American Water Works in the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works in the fourth quarter worth approximately $28,000. Catalyst Capital Advisors LLC grew its position in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after buying an additional 182 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in American Water Works in the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of several recent research reports. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. decreased their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $140.57.

American Water Works Trading Up 2.6 %

American Water Works stock opened at $139.48 on Tuesday. The company has a 50 day moving average price of $126.08 and a 200 day moving average price of $134.36. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The firm has a market capitalization of $27.19 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 2.80 and a beta of 0.72.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be paid 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 currently 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.