Pinion Investment Advisors LLC Has $397,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Pinion Investment Advisors LLC decreased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 9.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,190 shares of the utilities provider’s stock after selling 341 shares during the period. Pinion Investment Advisors LLC’s holdings in American Water Works were worth $397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE increased its stake in American Water Works by 4.4% in the third quarter. US Bancorp DE now owns 50,503 shares of the utilities provider’s stock valued at $7,386,000 after acquiring an additional 2,125 shares during the period. Farther Finance Advisors LLC boosted its holdings in American Water Works by 41.4% during the third quarter. Farther Finance Advisors LLC now owns 1,523 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 446 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of American Water Works by 2.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 102,736 shares of the utilities provider’s stock valued at $15,024,000 after purchasing an additional 2,366 shares during the period. Van ECK Associates Corp raised its holdings in shares of American Water Works by 4.4% in the 3rd quarter. Van ECK Associates Corp now owns 54,021 shares of the utilities provider’s stock worth $7,677,000 after buying an additional 2,269 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of American Water Works by 17.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 122,958 shares of the utilities provider’s stock worth $17,981,000 after buying an additional 18,143 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $139.48 on Tuesday. The business has a fifty day moving average of $126.08 and a 200-day moving average of $134.36. The firm has a market cap of $27.19 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, equities research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.19%. American Water Works’s dividend payout ratio (DPR) is currently 56.77%.

Analyst Ratings Changes

AWK has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their price target on shares of American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $140.57.

About American Water Works

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.