American Water Works Company, Inc. (NYSE:AWK) Position Lessened by Fifth Third Bancorp

Fifth Third Bancorp lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,190 shares of the utilities provider’s stock after selling 554 shares during the period. Fifth Third Bancorp’s holdings in American Water Works were worth $4,601,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Summit Financial LLC raised its stake in shares of American Water Works by 1.1% in the 4th quarter. Summit Financial LLC now owns 8,438 shares of the utilities provider’s stock worth $1,051,000 after buying an additional 92 shares in the last quarter. Glenview Trust co grew its holdings in shares of American Water Works by 1.9% during the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock valued at $621,000 after buying an additional 93 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of American Water Works by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 4,241 shares of the utilities provider’s stock valued at $528,000 after buying an additional 98 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after buying an additional 103 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in American Water Works by 2.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,112 shares of the utilities provider’s stock valued at $512,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE AWK opened at $141.26 on Friday. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The stock has a market capitalization of $27.55 billion, a PE ratio of 26.21, a P/E/G ratio of 2.80 and a beta of 0.71. The stock has a 50-day simple moving average of $143.47 and a 200 day simple moving average of $135.83.

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

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were given a dividend of $0.8275 per share. 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 boost from American Water Works’s previous quarterly dividend of $0.77. American Water Works’s payout ratio is currently 60.29%.

Insider Activity at American Water Works

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 7,572 shares in the company, valued at approximately $1,084,916.16. This trade represents a 27.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays assumed coverage on American Water Works in a research report on Tuesday, April 22nd. They set an “underweight” rating and a $138.00 price objective for the company. Wall Street Zen cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, May 14th. Evercore ISI boosted their price target on American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price target on American Water Works from $142.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Finally, UBS Group cut American Water Works from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 25th. Four equities 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.