Kestra Advisory Services LLC boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 89.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 17,382 shares of the utilities provider’s stock after purchasing an additional 8,194 shares during the period. Kestra Advisory Services LLC’s holdings in American Water Works were worth $2,365,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of AWK. Resona Asset Management Co. Ltd. grew its holdings in shares of American Water Works by 1.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 74,566 shares of the utilities provider’s stock valued at $10,181,000 after buying an additional 945 shares during the last quarter. Demars Financial Group LLC raised its holdings in American Water Works by 22.4% in the 1st quarter. Demars Financial Group LLC now owns 6,287 shares of the utilities provider’s stock worth $856,000 after acquiring an additional 1,151 shares during the last quarter. Cahaba Wealth Management Inc. lifted its position in American Water Works by 1.7% in the 1st quarter. Cahaba Wealth Management Inc. now owns 21,743 shares of the utilities provider’s stock valued at $2,959,000 after acquiring an additional 358 shares in the last quarter. Montag A & Associates Inc. lifted its position in American Water Works by 37.0% in the 1st quarter. Montag A & Associates Inc. now owns 2,215 shares of the utilities provider’s stock valued at $301,000 after acquiring an additional 598 shares in the last quarter. Finally, Swedbank AB boosted its stake in American Water Works by 12.6% during the 1st quarter. Swedbank AB now owns 318,564 shares of the utilities provider’s stock valued at $43,353,000 after purchasing an additional 35,703 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.
American Water Works Stock Performance
Shares of AWK opened at $135.08 on Monday. The firm has a market capitalization of $26.38 billion, a P/E ratio of 23.95, a PEG ratio of 2.73 and a beta of 0.61. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The business has a fifty day moving average of $127.56 and a 200 day moving average of $130.64.
American Water Works Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were given a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.7%. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. American Water Works’s dividend payout ratio (DPR) is presently 63.48%.
Analyst Upgrades and Downgrades
AWK has been the subject of several recent analyst reports. UBS Group boosted their price target on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Truist Financial dropped their price objective on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Bank of America reiterated a “neutral” rating on shares of American Water Works in a report on Thursday. Barclays upped their target price on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $140.60.
Read 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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