First Trust Advisors LP Boosts Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

First Trust Advisors LP lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 426,676 shares of the utilities provider’s stock after acquiring an additional 4,183 shares during the quarter. First Trust Advisors LP owned 0.22% of American Water Works worth $56,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. MV Capital Management Inc. increased its position in shares of American Water Works by 110.8% during the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 103 shares during the period. ORG Partners LLC increased its position in shares of American Water Works by 79.2% during the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 103 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of American Water Works during the fourth quarter worth $35,000. Key Financial Inc increased its position in shares of American Water Works by 266.7% during the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 200 shares during the period. Finally, Cetera Trust Company N.A purchased a new stake in shares of American Water Works during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AWK shares. UBS Group boosted their target price on shares of American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Finally, Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $160.00 to $135.00 in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $141.33.

Check Out Our Latest Analysis on American Water Works

American Water Works Stock Performance

NYSE AWK opened at $128.25 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $151.22. The company has a market capitalization of $24.99 billion, a PE ratio of 26.01, a P/E/G ratio of 3.14 and a beta of 0.67. The company has a fifty day moving average of $125.65 and a two-hundred day moving average of $125.84.

American Water Works (NYSE:AWKGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $962.30 million. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 7.8% on a year-over-year basis. As a group, analysts expect that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th were paid a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Monday, May 13th. This is an increase from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s dividend payout ratio is currently 62.07%.

American Water Works Company Profile

(Free Report)

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 3.5 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.

Further Reading

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

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