Trust Co. of Toledo NA OH Sells 704 Shares of American Water Works Company Inc (NYSE:AWK)

Trust Co. of Toledo NA OH decreased its position in shares of American Water Works Company Inc (NYSE:AWK) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,607 shares of the utilities provider’s stock after selling 704 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in American Water Works were worth $1,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Norges Bank bought a new stake in shares of American Water Works during the fourth quarter valued at approximately $218,024,000. Vanguard Group Inc boosted its position in shares of American Water Works by 2.3% during the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after buying an additional 436,131 shares during the last quarter. BlackRock Inc. boosted its position in shares of American Water Works by 2.2% during the fourth quarter. BlackRock Inc. now owns 14,335,088 shares of the utilities provider’s stock valued at $1,301,195,000 after buying an additional 311,893 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of American Water Works by 66.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 692,358 shares of the utilities provider’s stock valued at $62,845,000 after buying an additional 276,116 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of American Water Works by 40.2% during the fourth quarter. California Public Employees Retirement System now owns 932,573 shares of the utilities provider’s stock valued at $84,650,000 after buying an additional 267,380 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Shares of NYSE:AWK opened at $118.27 on Monday. The company has a market cap of $21.35 billion, a P/E ratio of 35.84, a P/E/G ratio of 4.07 and a beta of 0.19. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32. American Water Works Company Inc has a 12-month low of $78.91 and a 12-month high of $119.28.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). American Water Works had a return on equity of 10.25% and a net margin of 16.44%. The business had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $792.73 million. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts predict that American Water Works Company Inc will post 3.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th were given a $0.50 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.00 annualized dividend and a yield of 1.69%. This is a boost from American Water Works’s previous quarterly dividend of $0.46. American Water Works’s payout ratio is currently 60.61%.

In other American Water Works news, SVP Loyd A. Warnock sold 9,502 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $111.04, for a total value of $1,055,102.08. Following the transaction, the senior vice president now owns 18,314 shares of the company’s stock, valued at $2,033,586.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Walter Lynch sold 18,545 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $111.15, for a total value of $2,061,276.75. Following the completion of the transaction, the chief operating officer now directly owns 118,583 shares in the company, valued at approximately $13,180,500.45. The disclosure for this sale can be found here. In the last three months, insiders sold 66,556 shares of company stock worth $7,477,635. Insiders own 0.36% of the company’s stock.

Several research analysts recently issued reports on AWK shares. Wells Fargo & Co reaffirmed a “hold” rating on shares of American Water Works in a research report on Monday, June 10th. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Janney Montgomery Scott reaffirmed a “buy” rating and set a $102.00 target price on shares of American Water Works in a research report on Thursday, February 21st. Bank of America lifted their target price on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, February 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $109.67.

COPYRIGHT VIOLATION NOTICE: “Trust Co. of Toledo NA OH Sells 704 Shares of American Water Works Company Inc (NYSE:AWK)” was reported by Stock Observer and is owned by of Stock Observer. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.thestockobserver.com/2019/06/17/trust-co-of-toledo-na-oh-sells-704-shares-of-american-water-works-company-inc-nyseawk.html.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.

Recommended Story: Hold Rating

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:AWK).

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.