Riverbridge Partners LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 263,808 shares of the utilities provider’s stock, valued at approximately $34,155,000.
Other large investors have also recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in shares of American Water Works during the first quarter valued at $27,000. Harborfront Financial Group LLC bought a new position in shares of American Water Works during the second quarter worth about $29,000. Farmers & Merchants Investments Inc. grew its position in shares of American Water Works by 73.1% during the third quarter. Farmers & Merchants Investments Inc. now owns 232 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 98 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of American Water Works during the third quarter worth about $31,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of American Water Works in the 1st quarter worth about $33,000. 86.58% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Barclays cut their price objective on shares of American Water Works from $130.00 to $127.00 and set an “underweight” rating on the stock in a research report on Monday, October 19th. Bank of America reissued a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. UBS Group cut shares of American Water Works from a “buy” rating to a “neutral” rating and upped their target price for the stock from $153.00 to $162.00 in a research report on Friday. Finally, Weiss Ratings upgraded shares of American Water Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.14.
Get Our Latest Stock Report on American Water Works
American Water Works Trading Up 0.7%
Shares of AWK stock opened at $150.26 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.39. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $153.69. The stock has a fifty day moving average of $137.20 and a two-hundred day moving average of $133.05. The firm has a market capitalization of $29.92 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56.
American Water Works (NYSE:AWK – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.04). The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.58 billion. American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. As a group, research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.
American Water Works Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Thursday, November 12th will be issued a $0.8950 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $3.58 annualized dividend and a yield of 2.4%. American Water Works’s dividend payout ratio is presently 62.05%.
American Water Works Profile
American Water Works Company, Inc. is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services. The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.
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