Cahaba Wealth Management Inc. Reduces Position in American Water Works Company, Inc. (NYSE:AWK)

Cahaba Wealth Management Inc. lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 29.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,771 shares of the utilities provider's stock after selling 8,490 shares during the quarter. American Water Works makes up 0.3% of Cahaba Wealth Management Inc.'s holdings, making the stock its 27th biggest holding. Cahaba Wealth Management Inc.'s holdings in American Water Works were worth $3,038,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. ORG Partners LLC bought a new stake in shares of American Water Works in the 2nd quarter valued at about $30,000. Farmers & Merchants Investments Inc. boosted its stake in shares of American Water Works by 100.0% in the 1st 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 last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of American Water Works during the first quarter worth $41,000. Hantz Financial Services Inc. acquired a new position in American Water Works in the second quarter valued at $46,000. Finally, Salomon & Ludwin LLC grew its holdings in American Water Works by 260.2% during the 1st quarter. Salomon & Ludwin LLC now owns 389 shares of the utilities provider's stock worth $48,000 after acquiring an additional 281 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Up 0.8 %

American Water Works stock traded up $1.17 during trading on Friday, hitting $141.96. 818,528 shares of the company were exchanged, compared to its average volume of 1,206,506. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The business's 50 day moving average is $143.26 and its 200 day moving average is $134.99. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a market capitalization of $27.66 billion, a P/E ratio of 28.80, a PEG ratio of 3.28 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Analysts predict that American Water Works Company, Inc. will post 5.27 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were given a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 annualized dividend and a yield of 2.16%. American Water Works's dividend payout ratio is currently 62.07%.

Analysts Set New Price Targets

Several brokerages have issued reports on AWK. Jefferies Financial Group initiated coverage on American Water Works in a research note on Monday, October 7th. They issued an "underperform" rating and a $124.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Mizuho downgraded American Water Works from an "outperform" rating to a "neutral" rating and upped their price target for the stock from $131.00 to $140.00 in a research note on Tuesday. Wells Fargo & Company cut American Water Works from an "equal weight" rating to an "underweight" rating and raised their price objective for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Finally, Bank of America reiterated an "underperform" rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, American Water Works has an average rating of "Hold" and an average target price of $140.00.

Insider Buying and Selling at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the transaction, the director now directly owns 36,880 shares of the company's stock, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company's stock.

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.