Postrock Partners LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,521 shares of the utilities provider’s stock, valued at approximately $1,362,000. American Water Works accounts for 0.5% of Postrock Partners LLC’s investment portfolio, making the stock its 29th biggest holding.
A number of other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC boosted its position in shares of American Water Works by 29.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 22,726 shares of the utilities provider’s stock worth $3,100,000 after acquiring an additional 5,195 shares in the last quarter. Claro Advisors Inc. bought a new position in American Water Works in the third quarter valued at approximately $214,000. REAP Financial Group LLC raised its position in American Water Works by 20.3% during the third quarter. REAP Financial Group LLC now owns 480 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 81 shares in the last quarter. Lindsell Train Ltd acquired a new position in American Water Works during the third quarter valued at approximately $1,230,000. Finally, Platform Technology Partners bought a new stake in American Water Works during the third quarter worth $273,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.
American Water Works Price Performance
Shares of NYSE:AWK opened at $152.69 on Friday. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $153.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.39 and a quick ratio of 0.36. The company has a market cap of $30.40 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 3.05 and a beta of 0.56. The firm has a 50 day simple moving average of $136.47 and a 200 day simple moving average of $132.77.
American Water Works (NYSE:AWK – Get Free Report) last posted its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.04). The company had revenue of $1.51 billion for 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 business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. Research analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.
American Water Works Dividend Announcement
The company 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 dividend of $0.8950 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $3.58 annualized dividend and a dividend yield of 2.3%. American Water Works’s dividend payout ratio (DPR) is 62.05%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on AWK shares. Truist Financial set a $139.00 target price on American Water Works in a report on Tuesday, August 4th. UBS Group cut American Water Works from a “buy” rating to a “neutral” rating in a report on Friday. Weiss Ratings upgraded American Water Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Barclays dropped their price objective on American Water Works from $130.00 to $127.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. Finally, Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $139.86.
Check Out Our Latest 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 institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.
Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.
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