Gibbs Wealth Management bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,146 shares of the utilities provider’s stock, valued at approximately $564,000.
Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its stake in American Water Works by 3.8% during the 1st quarter. Sei Investments Co. now owns 644,238 shares of the utilities provider’s stock valued at $87,672,000 after acquiring an additional 23,796 shares during the last quarter. Cetera Investment Advisers increased its position in shares of American Water Works by 9.8% in the 1st quarter. Cetera Investment Advisers now owns 68,547 shares of the utilities provider’s stock worth $9,329,000 after purchasing an additional 6,136 shares during the last quarter. Aureus Asset Management LLC bought a new position in American Water Works during the 1st quarter worth approximately $22,710,000. First Citizens Bank & Trust Co. lifted its holdings in American Water Works by 6.0% during the 1st quarter. First Citizens Bank & Trust Co. now owns 2,004 shares of the utilities provider’s stock worth $273,000 after buying an additional 113 shares during the last quarter. Finally, CI Investments Inc. grew its position in shares of American Water Works by 14.6% in the 1st quarter. CI Investments Inc. now owns 9,801 shares of the utilities provider’s stock worth $1,334,000 after acquiring an additional 1,250 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.
American Water Works Price Performance
Shares of NYSE AWK opened at $134.80 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. The firm has a market capitalization of $26.32 billion, a PE ratio of 23.90, a P/E/G ratio of 2.72 and a beta of 0.61. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.87. The business’s fifty day moving average price is $128.31 and its two-hundred day moving average price is $130.75.
American Water Works Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were given a $0.895 dividend. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. This represents a $3.58 annualized dividend and a yield of 2.7%. American Water Works’s payout ratio is currently 63.48%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Barclays upped their price target on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Truist Financial dropped their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 29th. JPMorgan Chase & Co. raised their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus target price of $140.60.
View Our Latest Analysis on American Water Works
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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