American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Flagship Harbor Advisors LLC

Posted by on Jun 23rd, 2023

Flagship Harbor Advisors LLC decreased its position in American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,467 shares of the utilities provider’s stock after selling 219 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in American Water Works were worth $801,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AWK. Clear Street Markets LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at $28,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at $29,000. Spirit of America Management Corp NY acquired a new stake in shares of American Water Works in the first quarter valued at $29,000. Richard W. Paul & Associates LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of American Water Works by 296.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 234 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 84.05% of the company’s stock.

American Water Works Trading Down 0.1 %

Shares of NYSE AWK opened at $148.46 on Friday. American Water Works Company, Inc. has a one year low of $122.77 and a one year high of $162.59. The firm has a market capitalization of $28.90 billion, a PE ratio of 32.63, a PEG ratio of 3.80 and a beta of 0.58. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $146.89 and a two-hundred day moving average price of $148.78.

American Water Works (NYSE:AWK – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). American Water Works had a return on equity of 10.22% and a net margin of 21.40%. The business had revenue of $938.00 million for the quarter, compared to analyst estimates of $903.84 million. During the same quarter in the previous year, the business posted $0.87 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. As a group, analysts predict that American Water Works Company, Inc. will post 4.77 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Tuesday, May 9th were paid a dividend of $0.7075 per share. The ex-dividend date was Monday, May 8th. This is an increase from American Water Works’s previous quarterly dividend of $0.66. This represents a $2.83 dividend on an annualized basis and a dividend yield of 1.91%. American Water Works’s dividend payout ratio (DPR) is 62.20%.

Insider Transactions at American Water Works

In other news, Director Michael Marberry purchased 1,400 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $142.35 per share, with a total value of $199,290.00. Following the purchase, the director now directly owns 3,673 shares of the company’s stock, valued at $522,851.55. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price target on shares of American Water Works in a research report on Tuesday, March 7th. StockNews.com assumed coverage on American Water Works in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Bank of America increased their price target on American Water Works from $134.00 to $140.00 in a research report on Monday, April 24th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $156.00.

American Water Works Profile

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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 1,600 communities in 14 states serving approximately 3.4 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.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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