Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 72.3% in the 1st quarter, Holdings Channel reports. The fund owned 126,115 shares of the utilities provider’s stock after acquiring an additional 52,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American Water Works were worth $17,163,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of AWK. Wellington Management Group LLP boosted its holdings in American Water Works by 3,274.6% during the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock worth $925,605,000 after buying an additional 6,882,575 shares in the last quarter. Norges Bank purchased a new stake in American Water Works during the fourth quarter valued at about $337,004,000. GQG Partners LLC boosted its holdings in shares of American Water Works by 64.2% in the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock worth $847,361,000 after buying an additional 2,539,683 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of American Water Works by 383.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock worth $361,355,000 after acquiring an additional 2,058,656 shares in the last quarter. Finally, Impax Asset Management Group plc increased its position in shares of American Water Works by 38.0% in the fourth quarter. Impax Asset Management Group plc now owns 2,386,873 shares of the utilities provider’s stock worth $311,487,000 after acquiring an additional 657,849 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.
American Water Works Trading Down 0.2%
Shares of NYSE AWK opened at $136.56 on Friday. The business has a 50 day simple moving average of $127.02 and a 200 day simple moving average of $130.61. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87. The stock has a market cap of $26.67 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 2.97 and a beta of 0.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37.
American Water Works Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.895 per share. The ex-dividend date was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s payout ratio is 63.48%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on AWK shares. Truist Financial reduced their price target on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Barclays increased their target price on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. Bank of America decreased their target price on American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Finally, UBS Group upped their price target on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Water Works currently has an average rating of “Hold” and an average price target of $139.22.
View Our Latest Analysis on AWK
American Water Works Profile
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
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