Callan Family Office LLC Decreases Position in American Water Works Company, Inc. (NYSE:AWK)

Callan Family Office LLC decreased its stake in American Water Works Company, Inc. (NYSE:AWK) by 44.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,877 shares of the utilities provider’s stock after selling 1,491 shares during the period. Callan Family Office LLC’s holdings in American Water Works were worth $277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. PFG Advisors boosted its holdings in American Water Works by 33.4% in the first quarter. PFG Advisors now owns 9,699 shares of the utilities provider’s stock valued at $1,431,000 after purchasing an additional 2,429 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in American Water Works by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider’s stock valued at $18,344,000 after purchasing an additional 2,570 shares during the last quarter. Brown Advisory Inc. boosted its holdings in American Water Works by 2.2% in the first quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 229 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 724 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in American Water Works by 21.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider’s stock worth $1,135,000 after buying an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors 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 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 sale, the chief accounting officer directly owned 7,572 shares in the company, valued at $1,084,916.16. This trade represents a 27.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

American Water Works Stock Down 0.2%

Shares of American Water Works stock opened at $143.40 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $141.64 and its 200-day simple moving average is $140.29. The stock has a market capitalization of $27.98 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 3.40 and a beta of 0.65. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50.

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

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is currently 59.64%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Argus increased their target price on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group reduced their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company reduced their target price on 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 increased their target price on American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Finally, Mizuho increased their target price on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus price target of $143.30.

American Water Works Company 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.