Schrum Private Wealth Management LLC Reduces Holdings in American Water Works Company, Inc. (NYSE:AWK)

Schrum Private Wealth Management LLC lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 44.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,645 shares of the utilities provider’s stock after selling 11,119 shares during the period. American Water Works makes up approximately 1.4% of Schrum Private Wealth Management LLC’s portfolio, making the stock its 17th largest position. Schrum Private Wealth Management LLC’s holdings in American Water Works were worth $1,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC grew its holdings in shares of American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares in the last quarter. Assetmark Inc. grew its stake in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares in the last quarter. Brookfield Corp ON grew its stake in shares of American Water Works by 0.3% in the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after acquiring an additional 89 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of American Water Works by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 89 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in shares of American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE AWK opened at $137.83 on Thursday. The business’s 50-day moving average price is $126.60 and its 200 day moving average price is $134.37. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm has a market cap of $26.87 billion, a P/E ratio of 25.57, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68.

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

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th were issued a $0.765 dividend. The ex-dividend date was Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.22%. American Water Works’s dividend payout ratio is presently 56.77%.

Analysts Set New Price Targets

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

American Water Works Company Profile

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.