Apollon Wealth Management LLC Sells 742 Shares of American Water Works Company, Inc. (NYSE:AWK)

Apollon Wealth Management LLC trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,505 shares of the utilities provider’s stock after selling 742 shares during the quarter. Apollon Wealth Management LLC’s holdings in American Water Works were worth $1,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. raised its holdings in shares of American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after buying an additional 103 shares in the last quarter. ORG Partners LLC grew its position in American Water Works by 79.2% in the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 103 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in American Water Works during the fourth quarter worth $35,000. Key Financial Inc lifted its holdings in shares of American Water Works by 266.7% during the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 200 shares during the period. Finally, Cetera Trust Company N.A acquired a new stake in shares of American Water Works in the 4th quarter valued at $40,000. 86.58% of the stock is owned by institutional investors.

Insider Transactions at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the transaction, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $132.96 on Thursday. The business has a fifty day moving average of $120.06 and a 200-day moving average of $124.63. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.79 and a current ratio of 0.85. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $151.24. The firm has a market cap of $25.90 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.07 and a beta of 0.62.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, equities research analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th will be paid a $0.765 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, May 13th. American Water Works’s dividend payout ratio (DPR) is 57.40%.

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.