Amalgamated Bank Sells 689 Shares of American Water Works Company, Inc. (NYSE:AWK)

Amalgamated Bank lowered its stake in American Water Works Company, Inc. (NYSE:AWK) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,610 shares of the utilities provider’s stock after selling 689 shares during the quarter. Amalgamated Bank’s holdings in American Water Works were worth $4,682,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AWK. Crews Bank & Trust acquired a new position in American Water Works during the 4th quarter worth approximately $26,000. Catalyst Capital Advisors LLC grew its stake in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after buying an additional 182 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of American Water Works during the fourth quarter worth $48,000. Rosenberg Matthew Hamilton lifted its stake in shares of American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 90 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American Water Works during the 3rd quarter valued at $51,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 0.7 %

Shares of AWK stock opened at $134.12 on Friday. The stock has a 50-day moving average of $125.61 and a 200-day moving average of $134.52. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock has a market cap of $26.15 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.80 and a beta of 0.72. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a $0.765 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.28%. American Water Works’s payout ratio is 56.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AWK. Wells Fargo & Company upped their target price on American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $140.57.

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.