Independent Advisor Alliance bought a new stake in American Water Works Company Inc (NYSE:AWK) in the 1st quarter, HoldingsChannel.com reports. The firm bought 8,986 shares of the utilities provider’s stock, valued at approximately $937,000.
Several other large investors have also recently added to or reduced their stakes in AWK. Norges Bank bought a new position in shares of American Water Works in the fourth quarter valued at $218,024,000. Vanguard Group Inc grew its stake in shares of American Water Works by 2.3% in the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after buying an additional 436,131 shares in the last quarter. BlackRock Inc. grew its stake in shares of American Water Works by 2.2% in the fourth quarter. BlackRock Inc. now owns 14,335,088 shares of the utilities provider’s stock valued at $1,301,195,000 after buying an additional 311,893 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of American Water Works by 66.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 692,358 shares of the utilities provider’s stock valued at $62,845,000 after buying an additional 276,116 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of American Water Works by 40.2% in the fourth quarter. California Public Employees Retirement System now owns 932,573 shares of the utilities provider’s stock valued at $84,650,000 after buying an additional 267,380 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.
In other American Water Works news, SVP Loyd A. Warnock sold 9,502 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $111.04, for a total transaction of $1,055,102.08. Following the completion of the sale, the senior vice president now owns 18,314 shares of the company’s stock, valued at approximately $2,033,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.36% of the company’s stock.
AWK has been the subject of several analyst reports. Wells Fargo & Co reissued a “buy” rating on shares of American Water Works in a research note on Wednesday, February 20th. Janney Montgomery Scott reissued a “buy” rating and issued a $102.00 target price on shares of American Water Works in a research note on Thursday, February 21st. Bank of America raised their target price on shares of American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 21st. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $109.67.
Shares of American Water Works stock opened at $111.17 on Friday. American Water Works Company Inc has a 1 year low of $77.73 and a 1 year high of $111.66. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.79 and a beta of 0.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.32 and a quick ratio of 0.30.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.02). American Water Works had a net margin of 16.44% and a return on equity of 10.25%. The business had revenue of $813.00 million for the quarter, compared to analyst estimates of $792.73 million. During the same period in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that American Water Works Company Inc will post 3.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.50 per share. This is an increase from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 10th. This represents a $2.00 annualized dividend and a yield of 1.80%. American Water Works’s dividend payout ratio (DPR) is currently 60.61%.
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American Water Works Company 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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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