Bank of New York Mellon Corp Sells 23,712 Shares of American Water Works Company, Inc. (NYSE:AWK)

Bank of New York Mellon Corp lowered its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,249,426 shares of the utilities provider's stock after selling 23,712 shares during the period. Bank of New York Mellon Corp owned 0.64% of American Water Works worth $155,541,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC grew its stake in 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 worth $938,000 after purchasing an additional 76 shares during the period. Invesco LLC increased its stake in shares of American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider's stock worth $361,000 after acquiring an additional 82 shares in the last quarter. Assetmark Inc. lifted its position in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 89 shares during the period. Brookfield Corp ON boosted 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 acquiring an additional 89 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in American Water Works by 4.6% in 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. Institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company upped their price target on American Water Works from $129.00 to $133.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Finally, UBS Group upgraded American Water Works from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, American Water Works currently has an average rating of "Hold" and a consensus target price of $140.57.

American Water Works Stock Performance

American Water Works stock traded up $0.69 during mid-day trading on Tuesday, reaching $140.26. 1,220,037 shares of the stock traded hands, compared to its average volume of 1,326,800. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The business's 50-day moving average is $126.08 and its 200-day moving average is $134.36. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The stock has a market capitalization of $27.34 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, February 7th. American Water Works's dividend payout ratio is presently 56.77%.

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.