My Legacy Advisors LLC Sells 130 Shares of American Water Works Company, Inc. (NYSE:AWK)

My Legacy Advisors LLC trimmed its stake in American Water Works Company, Inc. (NYSE:AWK) by 3.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,209 shares of the utilities provider’s stock after selling 130 shares during the period. My Legacy Advisors LLC’s holdings in American Water Works were worth $621,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AWK. Bleakley Financial Group LLC lifted its stake in shares of American Water Works by 4.6% during the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 89 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of American Water Works in the 4th quarter valued at $1,715,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of American Water Works by 1.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 440,316 shares of the utilities provider’s stock valued at $54,815,000 after acquiring an additional 6,778 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of American Water Works by 29.2% in the 4th quarter. Apollon Wealth Management LLC now owns 7,272 shares of the utilities provider’s stock valued at $905,000 after acquiring an additional 1,645 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in shares of American Water Works by 17.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,053 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 616 shares during the period. 86.58% of the stock is owned by institutional investors.

Insider Activity at American Water Works

In related news, CAO Melissa K. Wikle sold 2,825 shares of American Water Works stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $143.28, for a total value of $404,766.00. Following the completion of the transaction, the chief accounting officer now owns 7,572 shares in the company, valued at $1,084,916.16. The trade was a 27.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

American Water Works Stock Performance

Shares of AWK stock opened at $141.24 on Wednesday. The stock has a market cap of $27.54 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.80 and a beta of 0.71. The business has a 50-day simple moving average of $143.61 and a 200-day simple moving average of $135.74. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. On average, equities analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Tuesday, May 13th. This is a positive change from American Water Works’s previous quarterly dividend of $0.77. American Water Works’s payout ratio is currently 60.29%.

Wall Street Analysts Forecast Growth

AWK has been the topic of several research analyst reports. UBS Group downgraded American Water Works from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 25th. Barclays initiated coverage on American Water Works in a research note on Tuesday, April 22nd. They set an “underweight” rating and a $138.00 target price on the stock. Evercore ISI boosted their target price on American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a research note on Friday, May 2nd. Wall Street Zen downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company boosted their target price on American Water Works from $142.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, American Water Works has a consensus rating of “Hold” and an average target price of $143.22.

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.