Nykredit A S bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 97,156 shares of the utilities provider’s stock, valued at approximately $12,784,000.
Several other institutional investors also recently bought and sold shares of AWK. Reflection Asset Management acquired a new stake in shares of American Water Works during the fourth quarter worth about $25,000. Ascentis Independent Advisors acquired a new stake in American Water Works during the 1st quarter worth approximately $27,000. Transamerica Financial Advisors LLC boosted its position in American Water Works by 82.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock valued at $26,000 after buying an additional 90 shares during the period. Nemes Rush Group LLC acquired a new position in shares of American Water Works in the fourth quarter worth $27,000. Finally, Harborfront Financial Group LLC purchased a new stake in shares of American Water Works during the second quarter worth $29,000. 86.58% of the stock is owned by institutional investors and hedge funds.
American Water Works Stock Performance
Shares of AWK opened at $140.49 on Friday. The company has a market capitalization of $27.92 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.87 and a beta of 0.59. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $145.64. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $135.18 and a 200 day moving average price of $132.38.
American Water Works Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on AWK shares. Mizuho boosted their target price on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Barclays boosted their price objective on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Truist Financial set a $139.00 price target on shares of American Water Works in a research note on Tuesday, August 4th. UBS Group increased their price objective on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus target price of $138.78.
Check Out Our Latest Report on American Water Works
About American Water Works
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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