PNC Financial Services Group Inc. Buys 18,006 Shares of American Water Works Company Inc (AWK)

PNC Financial Services Group Inc. increased its stake in shares of American Water Works Company Inc (NYSE:AWK) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,703,687 shares of the utilities provider’s stock after acquiring an additional 18,006 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Water Works were worth $154,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in American Water Works by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after buying an additional 436,131 shares during the period. Wetherby Asset Management Inc. lifted its holdings in American Water Works by 2.6% in the 4th quarter. Wetherby Asset Management Inc. now owns 13,151 shares of the utilities provider’s stock worth $1,194,000 after buying an additional 334 shares during the period. Braun Stacey Associates Inc. lifted its holdings in American Water Works by 3.8% in the 3rd quarter. Braun Stacey Associates Inc. now owns 52,535 shares of the utilities provider’s stock worth $4,621,000 after buying an additional 1,917 shares during the period. Stock Yards Bank & Trust Co. lifted its holdings in American Water Works by 1.9% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 143,645 shares of the utilities provider’s stock worth $13,039,000 after buying an additional 2,664 shares during the period. Finally, State Treasurer State of Michigan lifted its holdings in American Water Works by 2.1% in the 3rd quarter. State Treasurer State of Michigan now owns 53,828 shares of the utilities provider’s stock worth $4,735,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 83.18% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Friday, December 7th. Janney Montgomery Scott raised their target price on American Water Works from $96.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, December 12th. Wells Fargo & Co restated a “buy” rating on shares of American Water Works in a research note on Wednesday, January 2nd. Finally, Robert W. Baird raised their target price on American Water Works from $103.00 to $104.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.72.

AWK stock opened at $98.66 on Thursday. American Water Works Company Inc has a twelve month low of $77.73 and a twelve month high of $98.98. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.46 and a quick ratio of 0.43. The company has a market cap of $17.83 billion, a P/E ratio of 29.90, a P/E/G ratio of 3.53 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.69. American Water Works had a return on equity of 10.45% and a net margin of 16.48%. The company had revenue of $850.00 million during the quarter, compared to analyst estimates of $823.93 million. During the same quarter last year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts forecast that American Water Works Company Inc will post 3.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, February 6th. American Water Works’s dividend payout ratio (DPR) is presently 55.15%.

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American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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

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