American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 44.9% during the fourth quarter, Holdings Channel reports. The firm owned 13,645 shares of the utilities provider’s stock after selling 11,119 shares during the period. American Water Works makes up about 1.4% of Schrum Private Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Schrum Private Wealth Management LLC’s holdings in American Water Works were worth $1,699,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IHT Wealth Management LLC boosted its stake in shares of American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares during the period. Assetmark Inc. increased its holdings in American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after buying an additional 89 shares during the last quarter. Brookfield Corp ON lifted its stake in American Water Works by 0.3% during the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after purchasing an additional 89 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of American Water Works by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 89 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its holdings in American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 90 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Down 1.0 %

Shares of NYSE AWK opened at $137.83 on Thursday. The business has a fifty day simple moving average of $126.60 and a 200-day simple moving average of $134.37. The company has a market cap of $26.87 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th were paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is currently 56.77%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AWK. Wells Fargo & Company upped their target price on shares of American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $140.57.

About American Water Works

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.