Sentry Investment Management LLC decreased its stake in shares of American Water Works Company Inc (NYSE:AWK) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,322 shares of the utilities provider’s stock after selling 917 shares during the quarter. Sentry Investment Management LLC’s holdings in American Water Works were worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AWK. Vanguard Group Inc boosted its holdings in shares of American Water Works by 2.3% in the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after buying an additional 436,131 shares during the period. Howland Capital Management LLC boosted its holdings in shares of American Water Works by 3.0% in the fourth quarter. Howland Capital Management LLC now owns 124,081 shares of the utilities provider’s stock valued at $11,263,000 after buying an additional 3,636 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of American Water Works by 16.9% in the fourth quarter. IFM Investors Pty Ltd now owns 11,062 shares of the utilities provider’s stock valued at $1,004,000 after buying an additional 1,603 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of American Water Works by 2.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 21,546 shares of the utilities provider’s stock valued at $1,956,000 after buying an additional 521 shares during the period. Finally, Calamos Wealth Management LLC acquired a new position in shares of American Water Works in the fourth quarter valued at approximately $235,000. 83.67% of the stock is owned by institutional investors.

Shares of AWK stock opened at $112.82 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32. The firm has a market capitalization of $20.11 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 3.83 and a beta of 0.25. American Water Works Company Inc has a 12 month low of $77.73 and a 12 month high of $112.86.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). The business had revenue of $813.00 million during the quarter, compared to the consensus estimate of $792.73 million. American Water Works had a return on equity of 10.25% and a net margin of 16.44%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Analysts anticipate that American Water Works Company Inc will post 3.6 earnings per share 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from American Water Works’s previous quarterly dividend of $0.46. American Water Works’s payout ratio is currently 60.61%.

In other American Water Works news, EVP Michael A. Sgro sold 6,680 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $110.93, for a total transaction of $741,012.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Walter Lynch sold 18,545 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $111.15, for a total transaction of $2,061,276.75. Following the sale, the chief operating officer now directly owns 118,583 shares in the company, valued at $13,180,500.45. The disclosure for this sale can be found here. In the last three months, insiders sold 34,727 shares of company stock worth $3,857,391. 0.36% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Janney Montgomery Scott reiterated a “buy” rating and issued a $102.00 price target on shares of American Water Works in a report on Thursday, February 21st. Bank of America upped their price target on shares of American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 21st. Finally, Wells Fargo & Co boosted their price objective on shares of American Water Works from $101.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $109.67.

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American Water Works Profile

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.

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

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