Stewardship Advisors LLC Makes New $247,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

Stewardship Advisors LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, Holdings Channel.com reports. The firm acquired 1,691 shares of the utilities provider’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWK. Miracle Mile Advisors LLC boosted its holdings in American Water Works by 2.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 79 shares during the period. Asset Dedication LLC boosted its holdings in American Water Works by 1.6% during the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after acquiring an additional 85 shares during the period. Moody National Bank Trust Division boosted its holdings in American Water Works by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after acquiring an additional 88 shares during the period. State of Alaska Department of Revenue boosted its holdings in American Water Works by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock valued at $2,581,000 after acquiring an additional 95 shares during the period. Finally, Sugarloaf Wealth Management LLC boosted its holdings in American Water Works by 25.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 96 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AWK has been the subject of several research analyst reports. Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Jefferies Financial Group started coverage on 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. Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, Bank of America reissued an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $140.00.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the transaction, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.08% of the company’s stock.

American Water Works Stock Down 0.6 %

AWK traded down $0.80 during trading on Monday, hitting $141.16. 263,672 shares of the company’s stock traded hands, compared to its average volume of 1,201,861. The company’s 50 day simple moving average is $143.26 and its two-hundred day simple moving average is $135.10. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 3.28 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts predict that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.765 per share. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 annualized dividend and a yield of 2.17%. American Water Works’s dividend 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.