American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp reduced its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 34,272 shares of the utilities provider’s stock after selling 1,125 shares during the quarter. Tompkins Financial Corp’s holdings in American Water Works were worth $4,892,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gradient Investments LLC acquired a new stake in shares of American Water Works in the 1st quarter valued at approximately $26,000. TCTC Holdings LLC purchased a new position in American Water Works in the 1st quarter valued at approximately $26,000. Clear Street Markets LLC purchased a new position in American Water Works in the 4th quarter valued at approximately $28,000. Grey Fox Wealth Advisors LLC purchased a new position in American Water Works in the 4th quarter valued at approximately $29,000. Finally, Spirit of America Management Corp NY purchased a new position in American Water Works in the 1st quarter valued at approximately $29,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on AWK. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. Bank of America dropped their price target on American Water Works from $140.00 to $139.00 in a research report on Thursday, July 6th. Guggenheim dropped their price target on American Water Works from $152.00 to $147.00 in a research report on Friday, July 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $169.00 price target on shares of American Water Works in a research report on Thursday, September 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $153.83.

American Water Works Trading Down 0.5 %

Shares of AWK stock traded down $0.65 during mid-day trading on Tuesday, hitting $137.77. 117,031 shares of the company’s stock were exchanged, compared to its average volume of 1,005,902. American Water Works Company, Inc. has a fifty-two week low of $122.77 and a fifty-two week high of $162.59. The stock has a 50-day simple moving average of $141.65 and a two-hundred day simple moving average of $143.86. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 1.20. The stock has a market cap of $26.82 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 3.54 and a beta of 0.57.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.17. American Water Works had a return on equity of 10.31% and a net margin of 22.08%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The business’s revenue was up 17.1% on a year-over-year basis. Equities analysts expect that American Water Works Company, Inc. will post 4.8 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 8th were issued a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Monday, August 7th. American Water Works’s payout ratio is currently 59.08%.

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 1,600 communities in 14 states serving approximately 3.4 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.