Trading Report: Today: 2,229 Shares of American Water Works (AWK) are sold by Wedbush Securities Inc.

Today: 2,229 Shares of American Water Works (AWK) are sold by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its position in shares of American Water Works (NYSE:AWK) by 10.8% during the third quarter, Holdings Channel reports. The fund owned 18,356 shares of the company’s stock after selling 2,229 shares during the period. Wedbush Securities Inc.’s holdings in American Water Works were worth $1,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of American Water Works by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,310 shares of the company’s stock worth $195,000 after buying an additional 10 shares during the last quarter. Cognios Capital LLC raised its position in American Water Works by 0.3% in the second quarter. Cognios Capital LLC now owns 3,650 shares of the company’s stock valued at $308,000 after buying an additional 11 shares in the last quarter. Washington Trust Bank raised its position in American Water Works by 1.0% in the third quarter. Washington Trust Bank now owns 2,093 shares of the company’s stock valued at $157,000 after buying an additional 21 shares in the last quarter. Pacer Advisors Inc. raised its position in American Water Works by 0.7% in the second quarter. Pacer Advisors Inc. now owns 3,323 shares of the company’s stock valued at $281,000 after buying an additional 24 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in American Water Works by 0.5% in the second quarter. Johnson Investment Counsel Inc. now owns 6,012 shares of the company’s stock valued at $508,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

American Water Works (NYSE:AWK) traded up 0.98% during mid-day trading on Monday, hitting $75.09. The company’s stock had a trading volume of 133,838 shares. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 28.89 and a beta of 0.23. The firm has a 50 day moving average of $72.01 and a 200-day moving average of $76.05. American Water Works has a 52-week low of $56.40 and a 52-week high of $85.24.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The company earned $930 million during the quarter, compared to the consensus estimate of $944.98 million. American Water Works had a net margin of 14.19% and a return on equity of 9.85%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. On average, equities research analysts expect that American Water Works will post $2.85 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be paid a $0.375 dividend. The ex-dividend date is Monday, November 7th. This represents a $1.50 annualized dividend and a dividend yield of 2.02%. American Water Works’s dividend payout ratio is 57.47%.

Several research firms have recently issued reports on AWK. Vetr upgraded American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 price target on the stock in a research report on Thursday, August 4th. Barclays PLC reduced their price target on American Water Works from $87.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 6th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday. Bank of America Corp. upgraded American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the stock from $77.00 to $84.00 in a research report on Wednesday, November 9th. Finally, Robert W. Baird began coverage on American Water Works in a research report on Friday, October 14th. They issued an “outperform” rating and a $82.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $79.08.

About American Water Works

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

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