Blue Barn Wealth LLC Has $234,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Blue Barn Wealth LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,879 shares of the utilities provider’s stock after selling 321 shares during the quarter. Blue Barn Wealth LLC’s holdings in American Water Works were worth $234,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of American Water Works by 120.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock valued at $395,180,000 after buying an additional 1,736,258 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of American Water Works by 4,227.0% in the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 695,474 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of American Water Works during the fourth quarter valued at approximately $71,120,000. Confluence Investment Management LLC grew its holdings in American Water Works by 268.0% during the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock worth $66,868,000 after buying an additional 391,166 shares in the last quarter. Finally, Zimmer Partners LP purchased a new stake in American Water Works in the 3rd quarter valued at $43,872,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, American Water Works presently has an average rating of “Hold” and a consensus target price of $140.57.

American Water Works Stock Down 1.0 %

AWK opened at $137.83 on Thursday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company’s 50-day moving average price is $126.60 and its two-hundred day moving average price is $134.37. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 2.80 and a beta of 0.69. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last announced its quarterly earnings data 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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, equities 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th were given a dividend of $0.765 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.22%. American Water Works’s dividend payout ratio is presently 56.77%.

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.