American Water Works Company, Inc. (NYSE:AWK – Get Free Report) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, August 11th will be given a dividend of 0.895 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th.
American Water Works has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 18 years. American Water Works has a payout ratio of 58.3% meaning its dividend is sufficiently covered by earnings. Analysts expect American Water Works to earn $6.59 per share next year, which means the company should continue to be able to cover its $3.58 annual dividend with an expected future payout ratio of 54.3%.
American Water Works Trading Up 0.3%
AWK stock opened at $135.29 on Friday. American Water Works has a 52 week low of $120.57 and a 52 week high of $147.87. The company has a market capitalization of $26.89 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The company’s 50-day simple moving average is $130.55 and its 200 day simple moving average is $131.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AWK. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of American Water Works by 82.7% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock worth $2,797,000 after acquiring an additional 9,698 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of American Water Works during the 1st quarter valued at approximately $1,347,000. KBC Group NV grew its holdings in shares of American Water Works by 84.0% during the 4th quarter. KBC Group NV now owns 553,066 shares of the utilities provider’s stock valued at $72,175,000 after purchasing an additional 252,459 shares during the last quarter. Generali Asset Management SPA SGR grew its holdings in shares of American Water Works by 73.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider’s stock valued at $3,307,000 after purchasing an additional 10,760 shares during the last quarter. Finally, Erste Asset Management GmbH increased its position in American Water Works by 25.9% during the 4th quarter. Erste Asset Management GmbH now owns 69,893 shares of the utilities provider’s stock worth $9,142,000 after purchasing an additional 14,363 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.
American Water Works Company 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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