Natixis Advisors LLC decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,543 shares of the utilities provider’s stock after selling 18,181 shares during the period. Natixis Advisors LLC’s holdings in American Water Works were worth $8,553,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in AWK. Salomon & Ludwin LLC lifted its position in American Water Works by 71.7% during the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after buying an additional 81 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in American Water Works during the 4th quarter worth about $39,000. Atlantic Union Bankshares Corp lifted its position in American Water Works by 803.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock worth $40,000 after buying an additional 257 shares in the last quarter. Elevation Wealth Partners LLC bought a new stake in American Water Works during the 4th quarter worth about $40,000. Finally, Clayton Financial Group LLC bought a new stake in American Water Works during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 86.58% of the company’s stock.
American Water Works Stock Performance
Shares of AWK stock opened at $124.63 on Monday. 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 stock has a market cap of $24.34 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.62. The stock has a 50-day moving average of $129.73 and a 200-day moving average of $130.82. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87.
American Water Works Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were paid a $0.895 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.9%. American Water Works’s dividend payout ratio (DPR) is currently 63.48%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on AWK shares. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Bank of America dropped their price objective on American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $137.00 to $140.00 in a report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Finally, Barclays boosted their price objective on American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $138.11.
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.
Recommended Stories
- Five stocks we like better than American Water Works
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK – Free Report).
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.
