Defence

Synovus Financial Corp owns $210,000 worth of shares in American Water Works Company, Inc. (NYSE: AWK)


Synovus Financial Corp reduced its position in shares of American Water Works Company, Inc. (NYSE: AWKGet a rating) by 59.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,405 shares of the utilities provider’s stock after selling 2,097 shares during the quarter. Synovus Financial Corp’s holdings in American Water Works were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AWK. Mutual of America Capital Management LLC raised its stake in American Water Works by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 24,227 shares of the utilities provider’s stock worth $4,010,000 after buying an additional 258 shares in the last quarter. National Asset Management Inc. raised its stake in American Water Works by 3.2% during the first quarter. National Asset Management Inc. now owns 6,666 shares of the utilities provider’s stock valued at $1,104,000 after buying an additional 206 shares in the last quarter. Metis Global Partners LLC raised its stake in American Water Works by 81.4% during the first quarter. Metis Global Partners LLC now owns 2,873 shares of the utilities provider’s stock worth $475,000 after buying an additional 1,289 shares in the last quarter. Venture Visionary Partners LLC raised its stake in American Water Works by 99.1% during the first quarter. Venture Visionary Partners LLC now owns 2,965 shares of the utilities provider’s stock worth $490,000 after buying an additional 1,476 shares in the last quarter. Finally, Versor Investments LP raised its stake in American Water Works by 90.5% during the first quarter. Versor Investments LP now owns 3,213 shares of the utilities provider’s stock worth $532,000 after buying an additional 1,526 shares in the last quarter. 83.50% of shares are owned by institutional investors.

American Water Works’ cost performance

Actions Stock AWK opened at $147.72 on Tuesday. American Water Works Company, Inc. has a 52-week low of $122.77 and a 52-week high of $189.65. The stock has a market cap of $26.86 billion, a PE ratio of 20.38, a PEG ratio of 4.07 and a beta of 0.53. The company has a debt-to-equity ratio of 1.41, a gearing ratio of 0.43, and a current ratio of 0.48. The firm’s 50-day moving average is $139.04, and its 200-day moving average is $145.96.

American Waterworks (NYSE: AWKGet a rating) last announced its quarterly earnings data on Tuesday, November 1st. The utilities provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.12. American Water Works had a net margin of 34.58% and a return on equity of 10.99%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Over the same period last year, the firm earned $1.53 in earnings per share. The company’s profit for the quarter decreased by 0.9% compared to the same period last year. Overall, analysts predict that American Water Works Company, Inc. will post 4.46 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 8th will be paid a $0.655 dividend. The ex-dividend date is Monday, November 7. That’s a $2.62 annual dividend and a yield of 1.77%. American Water Works’s dividend payout ratio (DPR) is currently 36.14%.

A Wall Street analyst weighs in

Several analysts have weighed in on the stock. HSBC reduced their target price on shares of American Water Works to $158.00 in a research note on Tuesday, November 15th. Wells Fargo & Company upped their target price on shares of American Water Works from $140.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 2nd. In a research note on Friday, September 9th, JPMorgan Chase & Co. upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and upped their price target for the company from $162.00 to $165.00. UBS Group boosted their target price on shares of American Water Works to $151.00 in a research note on Friday, November 4th. Finally, Guggenheim cut their price objective on shares of American Water Works from $155.00 to $138.00 in a research note on Monday, October 24th. Six equities research analysts have rated the stock with a hold rating and two have assigned a “buy” rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $153.00, according to MarketBeat.

American Water Works Company Profile

(Get a rating)

American Water Works Company, Inc., through its subsidiaries, provides water and sewer services in the United States. It provides water and sewer 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 suppliers, developers and commercial property owners, and energy suppliers; fire service and private fire clients; industrial customers such as large manufacturers, mining and manufacturing operations; public authorities, which include government buildings and other public sector facilities such as schools and universities; and other utilities and public water and sewer systems.

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



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https://www.defenseworld.net/2022/11/22/synovus-financial-corp-has-210000-stock-holdings-in-american-water-works-company-inc-nyseawk.html Synovus Financial Corp owns $210,000 worth of shares in American Water Works Company, Inc. (NYSE: AWK)

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