Magnolia Wealth Management LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Magnolia Wealth Management LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWKGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,765 shares of the utilities provider’s stock, valued at approximately $443,000.

Several other hedge funds have also recently added to or reduced their stakes in AWK. JPMorgan Chase & Co. lifted its stake in American Water Works by 5.8% in the fourth quarter. JPMorgan Chase & Co. now owns 490,627 shares of the utilities provider’s stock valued at $92,660,000 after buying an additional 26,833 shares during the period. Covestor Ltd acquired a new position in American Water Works in the fourth quarter valued at about $49,000. Advisor Resource Council lifted its stake in American Water Works by 57.9% in the fourth quarter. Advisor Resource Council now owns 2,391 shares of the utilities provider’s stock valued at $451,000 after buying an additional 877 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in American Water Works by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 848,215 shares of the utilities provider’s stock valued at $160,194,000 after buying an additional 25,084 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in American Water Works in the fourth quarter valued at about $23,230,000. Institutional investors and hedge funds own 83.50% of the company’s stock.

American Water Works Stock Up 0.9 %

AWK stock opened at $153.48 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 1.46. The business has a 50 day moving average price of $152.75 and a two-hundred day moving average price of $153.26. The company has a market cap of $27.90 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 4.31 and a beta of 0.44. American Water Works Company, Inc. has a twelve month low of $129.45 and a twelve month high of $189.65.

American Water Works (NYSE:AWKGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The utilities provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $937.00 million during the quarter, compared to analysts’ expectations of $979.52 million. American Water Works had a return on equity of 11.06% and a net margin of 33.99%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. Analysts anticipate that American Water Works Company, Inc. will post 4.45 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, August 9th were paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Monday, August 8th. American Water Works’s dividend payout ratio is 36.64%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AWK shares. HSBC cut their target price on American Water Works to $172.00 in a research note on Monday, August 15th. UBS Group raised their price target on American Water Works from $149.00 to $159.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Northcoast Research started coverage on American Water Works in a research report on Monday, July 18th. They set a “neutral” rating on the stock. Barclays dropped their price target on American Water Works from $172.00 to $157.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Finally, Janney Montgomery Scott raised American Water Works from a “neutral” rating to a “buy” rating in a research report on Friday, June 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $165.71.

American Water Works Profile

(Get Rating)

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

See Also

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:AWKGet Rating).

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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.