Whittier Trust Co. of Nevada Inc. Sells 1,428 Shares of American Water Works Company, Inc. (NYSE:AWK)

Whittier Trust Co. of Nevada Inc. lessened its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,709 shares of the utilities provider’s stock after selling 1,428 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in American Water Works were worth $4,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AWK. Ables Iannone Moore & Associates Inc. purchased a new position in American Water Works in the 4th quarter worth approximately $26,000. ORG Partners LLC purchased a new position in American Water Works in the 2nd quarter worth approximately $30,000. Farmers & Merchants Investments Inc. grew its stake in American Water Works by 100.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after buying an additional 127 shares in the last quarter. Tortoise Investment Management LLC grew its stake in American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Finally, Quarry LP purchased a new position in American Water Works in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 0.3 %

NYSE AWK traded up $0.41 during trading on Thursday, hitting $142.18. The company had a trading volume of 261,930 shares, compared to its average volume of 1,236,170. The company has a current ratio of 0.64, a quick ratio of 0.79 and a debt-to-equity ratio of 1.24. The company’s fifty day moving average is $138.00 and its 200-day moving average is $128.72. The company has a market cap of $27.70 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 3.44 and a beta of 0.67. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $149.00.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted $1.44 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that American Water Works Company, Inc. will post 5.25 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 13th. American Water Works’s dividend payout ratio (DPR) is 62.07%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AWK. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. UBS Group increased their price target on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.17.

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.