Rafferty Asset Management LLC Buys 1,885 Shares of American Water Works Company, Inc. (NYSE:AWK)

Rafferty Asset Management LLC grew its stake in American Water Works Company, Inc. (NYSE:AWKFree Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,729 shares of the utilities provider’s stock after acquiring an additional 1,885 shares during the quarter. Rafferty Asset Management LLC’s holdings in American Water Works were worth $2,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NEOS Investment Management LLC bought a new stake in shares of American Water Works in the 4th quarter valued at about $283,000. Jones Financial Companies Lllp increased its stake in American Water Works by 2.2% during the 4th quarter. Jones Financial Companies Lllp now owns 6,089 shares of the utilities provider’s stock worth $804,000 after purchasing an additional 129 shares in the last quarter. KBC Group NV increased its stake in American Water Works by 25.0% during the 4th quarter. KBC Group NV now owns 903,101 shares of the utilities provider’s stock worth $119,201,000 after purchasing an additional 180,905 shares in the last quarter. Presima Securities ULC increased its stake in American Water Works by 1.9% during the 4th quarter. Presima Securities ULC now owns 5,470 shares of the utilities provider’s stock worth $722,000 after purchasing an additional 100 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in American Water Works by 11.9% during the 4th quarter. California State Teachers Retirement System now owns 391,863 shares of the utilities provider’s stock worth $51,722,000 after purchasing an additional 41,533 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AWK has been the subject of a number of research reports. Evercore ISI cut 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. UBS Group increased their target price on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $141.33.

Check Out Our Latest Stock Analysis on AWK

American Water Works Price Performance

Shares of AWK opened at $128.25 on Friday. The stock has a market capitalization of $24.99 billion, a P/E ratio of 26.01, a P/E/G ratio of 3.12 and a beta of 0.67. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $151.22. The company has a 50 day moving average of $125.65 and a 200-day moving average of $125.80. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.26.

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

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th were issued a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.39%. The ex-dividend date 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 presently 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.

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

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