Summit X LLC grew its holdings in American Water Works Company Inc (NYSE:AWK) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,705 shares of the utilities provider’s stock after purchasing an additional 505 shares during the period. Summit X LLC’s holdings in American Water Works were worth $824,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in AWK. PFG Advisors boosted its holdings in American Water Works by 2.0% in the fourth quarter. PFG Advisors now owns 5,048 shares of the utilities provider’s stock worth $608,000 after acquiring an additional 100 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of American Water Works during the third quarter worth about $240,000. Tiedemann Advisors LLC lifted its holdings in shares of American Water Works by 2.7% during the third quarter. Tiedemann Advisors LLC now owns 38,844 shares of the utilities provider’s stock worth $4,825,000 after purchasing an additional 1,016 shares during the period. Carillon Tower Advisers Inc. lifted its holdings in shares of American Water Works by 15.5% during the third quarter. Carillon Tower Advisers Inc. now owns 280,900 shares of the utilities provider’s stock worth $34,896,000 after purchasing an additional 37,600 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of American Water Works by 0.4% during the third quarter. California State Teachers Retirement System now owns 359,684 shares of the utilities provider’s stock worth $44,684,000 after purchasing an additional 1,397 shares during the period. Hedge funds and other institutional investors own 83.82% of the company’s stock.
A number of equities research analysts recently commented on AWK shares. Bank of America reaffirmed an “underperform” rating and set a target price (up previously from ) on shares of American Water Works in a report on Monday, January 13th. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating and set a $126.00 target price for the company. in a report on Monday, December 16th. ValuEngine cut American Water Works from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Janney Montgomery Scott lifted their price target on American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Robert W. Baird lifted their price target on American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $132.00.
Shares of NYSE:AWK traded up $1.24 during trading on Thursday, reaching $135.29. The stock had a trading volume of 933,307 shares, compared to its average volume of 1,042,213. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.51 and a current ratio of 0.54. The business has a fifty day moving average price of $123.44 and a 200-day moving average price of $121.60. The stock has a market cap of $24.08 billion, a PE ratio of 38.54, a PEG ratio of 4.25 and a beta of 0.05. American Water Works Company Inc has a 1-year low of $92.36 and a 1-year high of $135.53.
American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. Sell-side analysts expect that American Water Works Company Inc will post 3.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Thursday, February 6th. American Water Works’s dividend payout ratio (DPR) is currently 60.61%.
American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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