Douglas Lane & Associates LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 204,510 shares of the utilities provider’s stock, valued at approximately $26,478,000. Douglas Lane & Associates LLC owned approximately 0.10% of American Water Works at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of American Water Works in the second quarter worth approximately $2,712,173,000. Wellington Management Group LLP lifted its position in American Water Works by 35.2% in the 2nd quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock valued at $1,962,116,000 after acquiring an additional 3,883,057 shares in the last quarter. GQG Partners LLC purchased a new stake in American Water Works during the 2nd quarter valued at $1,171,477,000. Amundi boosted its stake in American Water Works by 4.3% during the 1st quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock valued at $592,081,000 after purchasing an additional 179,127 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of American Water Works in the 2nd quarter worth $443,787,000. 86.58% of the stock is currently owned by institutional investors.
American Water Works Stock Performance
AWK stock traded up $0.68 during trading on Friday, reaching $128.86. The stock had a trading volume of 329,702 shares, compared to its average volume of 2,000,307. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $145.64. The stock’s 50 day moving average is $135.21 and its two-hundred day moving average is $132.10. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The firm has a market cap of $25.61 billion, a PE ratio of 22.33, a PEG ratio of 2.60 and a beta of 0.58.
American Water Works Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a $0.8950 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $3.58 annualized dividend and a yield of 2.8%. American Water Works’s dividend payout ratio (DPR) is presently 62.05%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. UBS Group upped their price target on American Water Works from $156.00 to $162.00 and gave the company a “buy” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. boosted their target price on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Mizuho upped their target price on shares of American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Truist Financial set a $139.00 price target on shares of American Water Works in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $140.11.
Get Our Latest Stock Report on American Water Works
About American Water Works
American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.
The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.
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