SouthState Corp Sells 190 Shares of American Water Works Company, Inc. (NYSE:AWK)

SouthState Corp cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,920 shares of the utilities provider’s stock after selling 190 shares during the period. SouthState Corp’s holdings in American Water Works were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AWK. Diversified LLC lifted its holdings in shares of American Water Works by 3.2% during the 4th quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock valued at $336,000 after purchasing an additional 80 shares in the last quarter. Brookstone Capital Management lifted its stake in American Water Works by 4.8% in the fourth quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after buying an additional 83 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of American Water Works by 10.4% in the fourth quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock valued at $118,000 after buying an additional 84 shares during the period. Consolidated Portfolio Review Corp increased its position in shares of American Water Works by 0.5% during the third quarter. Consolidated Portfolio Review Corp now owns 20,919 shares of the utilities provider’s stock worth $2,590,000 after acquiring an additional 94 shares in the last quarter. Finally, MV Capital Management Inc. raised its holdings in shares of American Water Works by 110.8% during the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 103 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $160.00 to $135.00 in a report on Friday, February 16th.

American Water Works Stock Performance

Shares of American Water Works stock traded up $2.80 during trading on Friday, hitting $128.75. 1,710,455 shares of the stock were exchanged, compared to its average volume of 1,497,040. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. The company has a fifty day moving average price of $119.33 and a 200-day moving average price of $124.29. The stock has a market capitalization of $25.08 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.98 and a beta of 0.62. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $151.24.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.79%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.30 million. During the same quarter last year, the company posted $0.91 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.765 per share. The ex-dividend date of this dividend is Monday, May 13th. This is an increase from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a yield of 2.38%. American Water Works’s dividend payout ratio (DPR) is 57.40%.

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.