Thrivent Financial for Lutherans Sells 30,921 Shares of American Water Works Company, Inc. (NYSE:AWK)

Thrivent Financial for Lutherans decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 79.6% in the 2nd quarter, Holdings Channel reports. The firm owned 7,942 shares of the utilities provider’s stock after selling 30,921 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Water Works were worth $1,224,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AWK. Amundi bought a new position in American Water Works during the 2nd quarter worth approximately $178,574,000. Invesco Ltd. raised its holdings in American Water Works by 27.4% during the 2nd quarter. Invesco Ltd. now owns 3,472,343 shares of the utilities provider’s stock worth $535,191,000 after purchasing an additional 747,665 shares during the last quarter. Morgan Stanley raised its holdings in American Water Works by 20.7% during the 2nd quarter. Morgan Stanley now owns 1,725,804 shares of the utilities provider’s stock worth $266,000,000 after purchasing an additional 295,694 shares during the last quarter. Impax Asset Management Group plc raised its holdings in American Water Works by 4.0% during the 2nd quarter. Impax Asset Management Group plc now owns 5,580,336 shares of the utilities provider’s stock worth $858,849,000 after purchasing an additional 215,436 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of American Water Works by 11.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,534,836 shares of the utilities provider’s stock valued at $236,564,000 after acquiring an additional 155,893 shares in the last quarter. Hedge funds and other institutional investors own 82.14% of the company’s stock.

In other news, VP Melissa K. Wikle sold 2,362 shares of American Water Works stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $172.03, for a total transaction of $406,334.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Cheryl Norton sold 3,538 shares of American Water Works stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $172.11, for a total value of $608,925.18. The disclosure for this sale can be found here. Insiders have sold a total of 37,559 shares of company stock worth $6,506,950 over the last ninety days. Insiders own 0.17% of the company’s stock.

Several research firms have recently weighed in on AWK. The Goldman Sachs Group lowered shares of American Water Works from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $191.00 to $177.00 in a research note on Wednesday, November 3rd. US Capital Advisors lowered shares of American Water Works from an “overweight” rating to a “hold” rating in a research note on Friday, August 13th. HSBC lowered shares of American Water Works from a “buy” rating to a “hold” rating and lifted their price objective for the company from $181.00 to $190.00 in a research note on Wednesday, September 1st. They noted that the move was a valuation call. Argus upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Friday, August 6th. Finally, Bank of America lowered shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $178.00 price objective for the company. in a research note on Monday, September 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $182.57.

NYSE AWK opened at $173.41 on Thursday. The company has a fifty day simple moving average of $172.69 and a 200 day simple moving average of $168.95. American Water Works Company, Inc. has a 12-month low of $131.01 and a 12-month high of $189.35. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a market cap of $31.48 billion, a P/E ratio of 41.29, a PEG ratio of 5.05 and a beta of 0.27.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Tuesday, November 2nd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. American Water Works had a net margin of 19.55% and a return on equity of 11.48%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm posted $1.46 EPS. Sell-side analysts predict that American Water Works Company, Inc. will post 4.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Shareholders of record on Wednesday, November 10th will be issued a dividend of $0.6025 per share. This represents a $2.41 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, November 9th. American Water Works’s dividend payout ratio is 57.38%.

American Water Works Profile

American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.

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

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