American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,885 shares of the utilities provider’s stock after selling 175 shares during the period. Gilman Hill Asset Management LLC’s holdings in American Water Works were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Miracle Mile Advisors LLC raised its position in shares of American Water Works by 2.9% in the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after buying an additional 79 shares during the last quarter. Asset Dedication LLC raised its position in shares of American Water Works by 1.6% in the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after buying an additional 85 shares during the last quarter. Moody National Bank Trust Division raised its position in shares of American Water Works by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after buying an additional 88 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of American Water Works by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock valued at $2,581,000 after buying an additional 95 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC raised its position in shares of American Water Works by 25.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock valued at $70,000 after buying an additional 96 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AWK shares. Jefferies Financial Group initiated coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Bank of America reissued an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Finally, Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $140.00.

Insider Activity

In other news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

American Water Works Trading Up 1.9 %

Shares of AWK stock opened at $138.87 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. The firm has a market cap of $27.06 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 3.28 and a beta of 0.69. The company has a 50-day moving average of $143.47 and a two-hundred day moving average of $134.37. 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 announced its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $1.44 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that American Water Works Company, Inc. will post 5.27 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Tuesday, August 13th. American Water Works’s payout ratio is 62.07%.

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.