Van ECK Associates Corp grew its position in shares of American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,613 shares of the utilities provider’s stock after buying an additional 1,404 shares during the quarter. Van ECK Associates Corp’s holdings in American Water Works were worth $5,026,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of AWK. Heritage Financial Services LLC bought a new position in shares of American Water Works during the 2nd quarter worth approximately $25,000. Core Alternative Capital lifted its position in shares of American Water Works by 259.0% during the 2nd quarter. Core Alternative Capital now owns 219 shares of the utilities provider’s stock worth $33,000 after buying an additional 158 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of American Water Works during the 3rd quarter worth approximately $35,000. CX Institutional purchased a new stake in shares of American Water Works during the 2nd quarter worth approximately $41,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of American Water Works during the 2nd quarter worth approximately $46,000. Institutional investors own 83.06% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of American Water Works in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Guggenheim decreased their price target on shares of American Water Works from $155.00 to $138.00 in a research note on Monday, October 24th. UBS Group raised their price target on shares of American Water Works to $151.00 in a research note on Friday, November 4th. HSBC decreased their price target on shares of American Water Works to $158.00 in a research note on Tuesday, November 15th. Finally, Wells Fargo & Company lifted their price objective on shares of American Water Works from $149.00 to $159.00 in a research note on Wednesday, December 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $154.67.
American Water Works Stock Up 0.4 %
American Water Works (NYSE:AWK – Get Rating) last released its quarterly earnings results on Monday, October 31st. The utilities provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.14. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. American Water Works had a net margin of 34.58% and a return on equity of 10.99%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 EPS. On average, analysts predict that American Water Works Company, Inc. will post 4.46 earnings per share for the current year.
American Water Works Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th will be given a dividend of $0.655 per share. The ex-dividend date of this dividend is Monday, February 6th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.62%. American Water Works’s dividend payout ratio (DPR) is currently 36.14%.
American Water Works Company Profile
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.
- Get a free copy of the StockNews.com research report on American Water Works (AWK)
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