Jennison Associates LLC Sells 76 Shares of American Water Works Company, Inc. (NYSE:AWK)

Jennison Associates LLC reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWKGet Rating) by 0.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 448,184 shares of the utilities provider’s stock after selling 76 shares during the quarter. Jennison Associates LLC owned approximately 0.25% of American Water Works worth $84,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Natixis Advisors L.P. boosted its stake in shares of American Water Works by 1.3% during the 4th quarter. Natixis Advisors L.P. now owns 51,770 shares of the utilities provider’s stock worth $9,777,000 after acquiring an additional 675 shares during the period. St. Johns Investment Management Company LLC boosted its stake in American Water Works by 5.2% in the 4th quarter. St. Johns Investment Management Company LLC now owns 3,196 shares of the utilities provider’s stock valued at $604,000 after purchasing an additional 157 shares during the period. qPULA Trading Management LP bought a new stake in American Water Works in the 4th quarter valued at $359,000. Retirement Planning Co of New England Inc. bought a new stake in American Water Works in the 4th quarter valued at $743,000. Finally, NovaPoint Capital LLC boosted its stake in American Water Works by 15.9% in the 4th quarter. NovaPoint Capital LLC now owns 2,420 shares of the utilities provider’s stock valued at $457,000 after purchasing an additional 332 shares during the period. Institutional investors own 82.76% of the company’s stock.

Shares of American Water Works stock traded down $6.60 during trading on Friday, reaching $154.08. 1,358,590 shares of the company’s stock were exchanged, compared to its average volume of 750,546. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.70 and a current ratio of 0.73. American Water Works Company, Inc. has a 1-year low of $144.20 and a 1-year high of $189.65. The company has a market cap of $28.00 billion, a P/E ratio of 21.73, a PEG ratio of 4.34 and a beta of 0.41. The firm’s 50-day moving average price is $159.72 and its 200 day moving average price is $166.16.

American Water Works (NYSE:AWKGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The utilities provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. American Water Works had a return on equity of 11.46% and a net margin of 33.16%. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, equities research analysts predict that American Water Works Company, Inc. will post 4.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Tuesday, May 10th will be issued a dividend of $0.655 per share. The ex-dividend date of this dividend is Monday, May 9th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.70%. This is a boost from American Water Works’s previous quarterly dividend of $0.60. American Water Works’s payout ratio is 33.99%.

Several analysts recently issued reports on AWK shares. Barclays reduced their price target on American Water Works from $187.00 to $166.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 9th. Wells Fargo & Company boosted their price target on American Water Works from $148.00 to $156.00 and gave the company an “underweight” rating in a research note on Tuesday, April 19th. JPMorgan Chase & Co. downgraded American Water Works from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $172.00 to $171.00 in a research note on Friday, January 7th. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating and set a $163.00 price objective for the company in a report on Wednesday, February 9th. Finally, UBS Group raised American Water Works from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $164.00 to $161.00 in a report on Monday, February 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.00.

American Water Works Company Profile (Get Rating)

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 3.4 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.

Further Reading

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

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