American Water Works Company, Inc. (NYSE:AWK) Holdings Cut by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in American Water Works Company, Inc. (NYSE:AWKGet Rating) by 25.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,443 shares of the utilities provider’s stock after selling 93,981 shares during the period. Bank of Montreal Can owned about 0.15% of American Water Works worth $50,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC raised its holdings in shares of American Water Works by 21.9% during the third quarter. Segall Bryant & Hamill LLC now owns 13,959 shares of the utilities provider’s stock valued at $2,363,000 after buying an additional 2,507 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of American Water Works by 11.1% during the fourth quarter. AE Wealth Management LLC now owns 12,652 shares of the utilities provider’s stock valued at $2,389,000 after buying an additional 1,260 shares during the last quarter. LPL Financial LLC raised its holdings in shares of American Water Works by 0.7% during the third quarter. LPL Financial LLC now owns 147,269 shares of the utilities provider’s stock valued at $24,894,000 after buying an additional 1,038 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of American Water Works by 12.7% during the fourth quarter. Van ECK Associates Corp now owns 33,608 shares of the utilities provider’s stock valued at $6,347,000 after buying an additional 3,782 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of American Water Works by 42.5% during the third quarter. Millennium Management LLC now owns 25,868 shares of the utilities provider’s stock valued at $4,373,000 after acquiring an additional 7,721 shares during the period. 82.77% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on AWK shares. UBS Group upgraded shares of American Water Works from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $164.00 to $161.00 in a research note on Monday, February 7th. Wells Fargo & Company raised their price objective on shares of American Water Works from $148.00 to $156.00 and gave the company an “underweight” rating in a research note on Tuesday, April 19th. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating and set a $163.00 price target on the stock in a research report on Wednesday, February 9th. StockNews.com assumed coverage on shares of American Water Works in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Barclays decreased their price target on shares of American Water Works from $187.00 to $166.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $174.00.

NYSE AWK opened at $145.57 on Friday. American Water Works Company, Inc. has a twelve month low of $142.36 and a twelve month high of $189.65. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.47 and a current ratio of 0.52. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 4.01 and a beta of 0.44. The firm’s 50 day moving average price is $157.93 and its two-hundred day moving average price is $163.35.

American Water Works (NYSE:AWKGet Rating) last issued its earnings results on Wednesday, April 27th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. The company had revenue of $842.00 million during the quarter, compared to analyst estimates of $872.01 million. American Water Works had a net margin of 33.16% and a return on equity of 11.25%. During the same quarter last year, the business posted $0.73 EPS. On average, research analysts forecast that American Water Works Company, Inc. will post 4.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, May 10th will be paid a dividend of $0.655 per share. The ex-dividend date of this dividend is Monday, May 9th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from American Water Works’s previous quarterly dividend of $0.60. American Water Works’s dividend payout ratio (DPR) is 36.95%.

American Water Works Profile (Get Rating)

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 3.4 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.

Read More

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWKGet Rating).

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

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.