American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 24.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,227 shares of the utilities provider’s stock after selling 727 shares during the period. Tyche Wealth Partners LLC’s holdings in American Water Works were worth $288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. acquired a new position in American Water Works during the fourth quarter worth $26,000. ORG Partners LLC purchased a new stake in American Water Works in the second quarter valued at $30,000. Farmers & Merchants Investments Inc. raised its position in American Water Works by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 127 shares during the period. Tortoise Investment Management LLC raised its position in American Water Works by 71.9% in the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Quarry LP purchased a new stake in American Water Works in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of NYSE AWK traded down $1.05 during trading hours on Friday, reaching $140.98. The stock had a trading volume of 643,659 shares, compared to its average volume of 1,274,172. The firm has a market cap of $27.47 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 3.44 and a beta of 0.67. The company has a current ratio of 0.64, a quick ratio of 0.79 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $149.00. The firm has a 50-day moving average of $136.12 and a 200-day moving average of $127.71.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. Equities research analysts predict that American Water Works Company, Inc. will post 5.25 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.765 per share. The ex-dividend date is Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.17%. American Water Works’s payout ratio is 62.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AWK shares. UBS Group boosted their price objective on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $141.17.

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.