Caprock Group LLC Buys New Shares in American Water Works Company, Inc. $AWK

Caprock Group LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,708 shares of the utilities provider’s stock, valued at approximately $1,545,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in American Water Works in the 2nd quarter worth approximately $344,645,000. Invesco Ltd. lifted its holdings in shares of American Water Works by 16.8% in the 2nd quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock worth $478,817,000 after acquiring an additional 494,868 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of American Water Works by 81.8% in the 2nd quarter. Raymond James Financial Inc. now owns 1,043,899 shares of the utilities provider’s stock valued at $145,217,000 after purchasing an additional 469,641 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of American Water Works by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 25,629,133 shares of the utilities provider’s stock valued at $3,565,269,000 after purchasing an additional 380,870 shares during the last quarter. Finally, Vestor Capital LLC raised its position in American Water Works by 31,955.0% in the 2nd quarter. Vestor Capital LLC now owns 320,550 shares of the utilities provider’s stock worth $44,592,000 after purchasing an additional 319,550 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised American Water Works from an “underperform” rating to a “hold” rating and raised their price objective for the company from $114.00 to $124.00 in a research note on Wednesday, November 5th. Mizuho set a $145.00 target price on American Water Works in a report on Tuesday, October 28th. UBS Group set a $149.00 price target on American Water Works in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Finally, Wells Fargo & Company cut their target price on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $140.89.

American Water Works Price Performance

Shares of American Water Works stock opened at $133.62 on Friday. The business has a 50 day moving average of $129.68 and a 200 day moving average of $134.94. American Water Works Company, Inc. has a 52 week low of $121.28 and a 52 week high of $155.50. The company has a market cap of $26.08 billion, a PE ratio of 23.48, a P/E/G ratio of 2.99 and a beta of 0.77. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 1.19.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be issued a $0.8275 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 annualized dividend and a yield of 2.5%. American Water Works’s dividend payout ratio (DPR) is 58.17%.

American Water Works Company 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.