Schroder Investment Management Group Buys 68,467 Shares of American Water Works Company, Inc. (NYSE:AWK)

Schroder Investment Management Group grew its stake in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 47.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 213,549 shares of the utilities provider’s stock after acquiring an additional 68,467 shares during the quarter. Schroder Investment Management Group owned about 0.11% of American Water Works worth $28,186,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Northern Trust Corp increased its holdings in American Water Works by 3.6% in the 3rd quarter. Northern Trust Corp now owns 3,591,939 shares of the utilities provider’s stock worth $444,790,000 after purchasing an additional 124,815 shares in the last quarter. Legal & General Group Plc boosted its position in American Water Works by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 2,974,530 shares of the utilities provider’s stock worth $368,336,000 after buying an additional 32,975 shares during the period. Invesco Ltd. grew its holdings in American Water Works by 10.5% during the 3rd quarter. Invesco Ltd. now owns 2,831,622 shares of the utilities provider’s stock worth $350,640,000 after acquiring an additional 267,987 shares during the last quarter. Morgan Stanley increased its position in American Water Works by 4.7% in the 3rd quarter. Morgan Stanley now owns 2,624,871 shares of the utilities provider’s stock valued at $325,038,000 after acquiring an additional 118,221 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of American Water Works by 5.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,117,550 shares of the utilities provider’s stock valued at $279,495,000 after acquiring an additional 117,170 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $160.00 to $135.00 in a research note on Friday, February 16th. UBS Group increased their target price on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One equities research 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’s stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average price target of $141.33.

Get Our Latest Stock Report on American Water Works

American Water Works Stock Up 0.3 %

American Water Works stock opened at $128.62 on Tuesday. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The firm’s fifty day moving average price is $125.82 and its two-hundred day moving average price is $125.76. 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 current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.26.

American Water Works (NYSE:AWKGet Free Report) last announced 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 during the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a net margin of 22.27% and a return on equity of 9.74%. American Water Works’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. On average, equities research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were given a $0.765 dividend. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Monday, May 13th. American Water Works’s dividend payout ratio is presently 62.07%.

American Water Works 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.

See Also

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

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