American Water Works Company Inc (AWK) Position Lessened by IndexIQ Advisors LLC

IndexIQ Advisors LLC decreased its position in shares of American Water Works Company Inc (NYSE:AWK) by 7.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,440 shares of the utilities provider’s stock after selling 1,499 shares during the quarter. IndexIQ Advisors LLC’s holdings in American Water Works were worth $1,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AWK. Larson Financial Group LLC purchased a new position in American Water Works during the fourth quarter worth approximately $28,000. Financial Gravity Companies Inc. purchased a new position in American Water Works during the fourth quarter worth approximately $32,000. Capital Financial Planning LLC purchased a new position in American Water Works during the fourth quarter worth approximately $31,000. Ruggie Capital Group purchased a new position in American Water Works during the fourth quarter worth approximately $31,000. Finally, JNBA Financial Advisors purchased a new position in American Water Works during the fourth quarter worth approximately $32,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

AWK has been the topic of a number of recent analyst reports. Janney Montgomery Scott reaffirmed a “buy” rating and set a $102.00 price target on shares of American Water Works in a research note on Thursday, February 21st. Wells Fargo & Co reaffirmed a “buy” rating on shares of American Water Works in a research note on Wednesday, February 20th. Zacks Investment Research downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Monday. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Finally, Bank of America increased their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. American Water Works presently has a consensus rating of “Buy” and an average target price of $106.50.

American Water Works stock opened at $110.19 on Thursday. American Water Works Company Inc has a 52-week low of $77.73 and a 52-week high of $111.28. The firm has a market capitalization of $19.90 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 3.81 and a beta of 0.25. The company has a quick ratio of 0.30, a current ratio of 0.32 and a debt-to-equity ratio of 1.28.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.02). American Water Works had a return on equity of 10.25% and a net margin of 16.44%. The business had revenue of $813.00 million during the quarter, compared to analyst estimates of $792.73 million. During the same period in the previous year, the company earned $0.59 EPS. American Water Works’s revenue was up 6.8% on a year-over-year basis. Research analysts anticipate that American Water Works Company Inc will post 3.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. This is a positive change from American Water Works’s previous quarterly dividend of $0.46. American Water Works’s dividend payout ratio is presently 60.61%.

ILLEGAL ACTIVITY WARNING: “American Water Works Company Inc (AWK) Position Lessened by IndexIQ Advisors LLC” was originally reported by Slater Sentinel and is the sole property of of Slater Sentinel. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://slatersentinel.com/news/2019/05/16/american-water-works-company-inc-awk-position-lessened-by-indexiq-advisors-llc.html.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.

Further Reading: Blockchain

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company Inc (NYSE:AWK).

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.