Jupiter Topco LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 257,923 shares of the utilities provider’s stock, valued at approximately $33,941,000.
Other large investors have also recently made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of American Water Works by 82.7% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock worth $2,797,000 after buying an additional 9,698 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in American Water Works in the 1st quarter valued at $1,347,000. Generali Asset Management SPA SGR boosted its stake in American Water Works by 73.8% in 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 buying an additional 10,760 shares in the last quarter. Capital Innovations LLC bought a new stake in American Water Works in the fourth quarter valued at $4,700,000. Finally, Erste Asset Management GmbH grew its position in American Water Works by 25.9% in the fourth quarter. Erste Asset Management GmbH now owns 69,893 shares of the utilities provider’s stock valued at $9,142,000 after acquiring an additional 14,363 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.
American Water Works Stock Performance
Shares of American Water Works stock opened at $138.19 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The firm has a 50 day simple moving average of $134.13 and a 200 day simple moving average of $131.94. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $145.64. The firm has a market cap of $27.46 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.79 and a beta of 0.60.
American Water Works Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s dividend payout ratio is 62.05%.
Wall Street Analyst Weigh In
AWK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. 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. Barclays increased their target price on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Finally, Truist Financial set a $139.00 price target on shares of American Water Works in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $138.78.
Read Our Latest Research Report on AWK
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.
Featured Stories
- Five stocks we like better than American Water Works
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
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.
