American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Ossiam

Ossiam raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 200.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,423 shares of the utilities provider’s stock after acquiring an additional 6,953 shares during the quarter. Ossiam’s holdings in American Water Works were worth $1,527,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AWK. Gradient Investments LLC acquired a new position in shares of American Water Works during the 1st quarter worth about $26,000. TCTC Holdings LLC purchased a new stake in shares of American Water Works in the 1st quarter valued at about $26,000. Clear Street Markets LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at about $28,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at about $29,000. Finally, Spirit of America Management Corp NY purchased a new stake in shares of American Water Works in the 1st quarter valued at about $29,000. 84.99% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Up 0.0 %

Shares of American Water Works stock opened at $137.73 on Monday. American Water Works Company, Inc. has a fifty-two week low of $122.77 and a fifty-two week high of $162.59. The firm has a market cap of $26.81 billion, a PE ratio of 28.75, a P/E/G ratio of 3.51 and a beta of 0.57. The business’s fifty day moving average is $142.08 and its two-hundred day moving average is $143.92. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.17. American Water Works had a return on equity of 10.31% and a net margin of 22.08%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Analysts anticipate that American Water Works Company, Inc. will post 4.8 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 8th were given a $0.7075 dividend. This represents a $2.83 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is currently 59.08%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Bank of America reduced their target price on American Water Works from $140.00 to $139.00 in a report on Thursday, July 6th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Guggenheim lowered their price target on American Water Works from $152.00 to $147.00 in a report on Friday, July 7th. Finally, Royal Bank of Canada lowered their price target on American Water Works from $180.00 to $168.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $153.67.

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 1,600 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.