SFE Investment Counsel grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,646 shares of the utilities provider’s stock after buying an additional 110 shares during the period. SFE Investment Counsel’s holdings in American Water Works were worth $3,182,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in AWK. Atlas Private Wealth Advisors bought a new position in American Water Works in the second quarter worth approximately $29,000. Selective Wealth Management Inc. purchased a new stake in American Water Works in the second quarter worth $31,000. CSat Investment Advisory L.P. increased its position in American Water Works by 59.2% in the first quarter. CSat Investment Advisory L.P. now owns 234 shares of the utilities provider’s stock worth $35,000 after buying an additional 87 shares during the last quarter. Tradition Wealth Management LLC bought a new position in shares of American Water Works in the first quarter worth $35,000. Finally, Berman Capital Advisors LLC boosted its holdings in shares of American Water Works by 90.2% in the first quarter. Berman Capital Advisors LLC now owns 312 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 148 shares during the period. Institutional investors own 81.90% of the company’s stock.
AWK traded down $0.17 during mid-day trading on Wednesday, reaching $184.71. 7,735 shares of the company traded hands, compared to its average volume of 864,763. The stock has a market capitalization of $33.52 billion, a P/E ratio of 44.77, a P/E/G ratio of 5.40 and a beta of 0.23. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 1.55. The company’s fifty day moving average price is $175.73 and its 200-day moving average price is $160.35. American Water Works Company, Inc. has a 52-week low of $131.01 and a 52-week high of $189.35.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Tuesday, August 10th were paid a $0.603 dividend. This represents a $2.41 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Monday, August 9th. This is a positive change from American Water Works’s previous quarterly dividend of $0.60. American Water Works’s dividend payout ratio is presently 61.79%.
A number of equities analysts have recently commented on AWK shares. US Capital Advisors lowered American Water Works from an “overweight” rating to a “hold” rating in a report on Friday, August 13th. Barclays raised their price target on American Water Works from $170.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, July 15th. Janney Montgomery Scott lowered American Water Works from a “buy” rating to a “neutral” rating and raised their price target for the stock from $159.00 to $181.00 in a report on Wednesday, August 4th. HSBC lowered American Water Works from a “buy” rating to a “hold” rating and raised their price target for the stock from $181.00 to $190.00 in a report on Wednesday, September 1st. They noted that the move was a valuation call. Finally, Argus raised 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $182.00.
About American Water Works
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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