American Water Works Company, Inc. (NYSE:AWK) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.3% during the first quarter, HoldingsChannel reports. The firm owned 552,857 shares of the utilities provider’s stock after purchasing an additional 7,093 shares during the quarter. Sei Investments Co.’s holdings in American Water Works were worth $81,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AWK. Mariner LLC increased its stake in American Water Works by 22.6% during the 4th quarter. Mariner LLC now owns 101,978 shares of the utilities provider’s stock valued at $12,695,000 after purchasing an additional 18,770 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in American Water Works during the 4th quarter valued at approximately $259,000. Belpointe Asset Management LLC boosted its holdings in shares of American Water Works by 19.6% in the 4th quarter. Belpointe Asset Management LLC now owns 7,667 shares of the utilities provider’s stock valued at $954,000 after acquiring an additional 1,256 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of American Water Works by 5.9% in the 4th quarter. Guggenheim Capital LLC now owns 26,074 shares of the utilities provider’s stock valued at $3,246,000 after acquiring an additional 1,459 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of American Water Works by 5.0% in the 4th quarter. Jump Financial LLC now owns 8,358 shares of the utilities provider’s stock valued at $1,040,000 after acquiring an additional 398 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Buying and Selling

In related news, CAO Melissa K. Wikle sold 2,825 shares of the business’s stock in a transaction on Friday, May 30th. The shares were 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 owned 7,572 shares of the company’s stock, valued at approximately $1,084,916.16. The trade was 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 this hyperlink. Insiders own 0.11% of the company’s stock.

American Water Works Stock Performance

AWK opened at $143.66 on Thursday. The stock has a market cap of $28.03 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.36 and a beta of 0.65. The firm has a fifty day moving average price of $141.57 and a 200 day moving average price of $140.20. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%. American Water Works’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 EPS. Equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 12th. American Water Works’s payout ratio is presently 59.64%.

Analyst Ratings Changes

Several research firms have recently commented on AWK. Mizuho upped their price objective on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Wells Fargo & Company dropped their price objective on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Evercore ISI upped their price objective on shares of American Water Works from $139.00 to $148.00 and gave the company an “in-line” rating in a report on Friday, May 2nd. UBS Group decreased their target price on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Barclays decreased their target price on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research note on Thursday, July 10th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and an average target price of $141.44.

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.