Campbell & CO Investment Adviser LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,926 shares of the utilities provider’s stock, valued at approximately $1,103,000.
Other hedge funds have also recently made changes to their positions in the company. American National Bank & Trust purchased a new stake in American Water Works during the 3rd quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of American Water Works during the second quarter worth about $28,000. Concord Wealth Partners purchased a new stake in American Water Works in the second quarter valued at approximately $28,000. Elevation Point Wealth Partners LLC acquired a new position in American Water Works in the 2nd quarter worth approximately $29,000. Finally, GoalVest Advisory LLC increased its holdings in American Water Works by 8,566.7% in the 2nd quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock worth $36,000 after buying an additional 257 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.
American Water Works Trading Up 0.1%
Shares of AWK stock opened at $133.47 on Monday. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 3.10 and a beta of 0.76. The stock has a 50 day simple moving average of $130.50 and a 200-day simple moving average of $136.72. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. American Water Works Company, Inc. has a 1-year low of $120.63 and a 1-year high of $155.50.
American Water Works Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. American Water Works’s payout ratio is currently 58.17%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on AWK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Monday, December 29th. TD Cowen began coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target on the stock. Cowen assumed coverage on American Water Works in a research report on Wednesday, October 15th. They set a “hold” rating on the stock. Jefferies Financial Group raised American Water Works from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $114.00 to $124.00 in a report on Wednesday, November 5th. Finally, UBS Group set a $149.00 target price on American Water Works in a report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.20.
Get Our Latest Analysis on AWK
American Water Works Profile
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
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