Cigna Investments Inc. New Sells 75 Shares of American Water Works Company, Inc. (NYSE:AWK)

Cigna Investments Inc. New decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,995 shares of the utilities provider’s stock after selling 75 shares during the period. Cigna Investments Inc. New’s holdings in American Water Works were worth $292,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after acquiring an additional 624,977 shares during the period. Edgestream Partners L.P. boosted its holdings in American Water Works by 153.8% in the 1st quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider’s stock valued at $1,667,000 after purchasing an additional 8,266 shares during the period. Duality Advisers LP grew its position in shares of American Water Works by 202.2% during the 1st quarter. Duality Advisers LP now owns 46,633 shares of the utilities provider’s stock worth $5,699,000 after purchasing an additional 31,203 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after purchasing an additional 5,564 shares during the period. Finally, Howland Capital Management LLC raised its position in shares of American Water Works by 20.0% in the first quarter. Howland Capital Management LLC now owns 163,185 shares of the utilities provider’s stock valued at $19,943,000 after buying an additional 27,200 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Activity at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

American Water Works Stock Down 1.5 %

Shares of NYSE:AWK opened at $136.00 on Friday. 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 market capitalization of $26.50 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 3.26 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64. The company has a fifty day moving average of $142.73 and a 200-day moving average of $136.25.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.04). American Water Works had a return on equity of 9.84% and a net margin of 21.77%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.20 billion. On average, equities analysts predict that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

Wall Street Analysts Forecast Growth

AWK has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Bank of America restated an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, American Water Works has an average rating of “Hold” and an average price target of $140.00.

About American Water Works

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.