American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Bokf Na

Bokf Na cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,934 shares of the utilities provider’s stock after selling 96 shares during the period. Bokf Na’s holdings in American Water Works were worth $598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AWK. Crews Bank & Trust purchased a new position in American Water Works in the 4th quarter valued at about $26,000. Providence First Trust Co purchased a new position in shares of American Water Works in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC purchased a new position in shares of American Water Works in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of American Water Works during the fourth quarter worth approximately $46,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AWK has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of American Water Works from $142.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Barclays initiated coverage on shares of American Water Works in a report on Tuesday, April 22nd. They issued an “underweight” rating and a $138.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, American Water Works has an average rating of “Hold” and an average target price of $143.22.

American Water Works Price Performance

AWK stock opened at $146.81 on Friday. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market cap of $28.63 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.80 and a beta of 0.73. The business has a fifty day moving average of $144.76 and a two-hundred day moving average of $135.03.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given a dividend of $0.8275 per share. The ex-dividend date is Tuesday, May 13th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from American Water Works’s previous quarterly dividend of $0.77. American Water Works’s dividend payout ratio (DPR) is presently 60.29%.

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.