NBT Bank N A NY lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,516 shares of the utilities provider’s stock after selling 1,249 shares during the period. NBT Bank N A NY’s holdings in American Water Works were worth $2,365,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in American Water Works by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 22,489,085 shares of the utilities provider’s stock worth $2,927,179,000 after buying an additional 161,915 shares during the period. BlackRock Inc. increased its holdings in shares of American Water Works by 1.0% in the 3rd quarter. BlackRock Inc. now owns 16,530,383 shares of the utilities provider’s stock valued at $2,151,593,000 after purchasing an additional 160,435 shares during the period. State Street Corp increased its holdings in shares of American Water Works by 1.5% in the 3rd quarter. State Street Corp now owns 10,679,936 shares of the utilities provider’s stock valued at $1,390,100,000 after purchasing an additional 153,609 shares during the period. Impax Asset Management Group plc increased its holdings in shares of American Water Works by 4.1% in the 4th quarter. Impax Asset Management Group plc now owns 4,841,870 shares of the utilities provider’s stock valued at $737,128,000 after purchasing an additional 190,452 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of American Water Works by 2.6% in the 1st quarter. Northern Trust Corp now owns 3,470,141 shares of the utilities provider’s stock valued at $574,412,000 after purchasing an additional 87,934 shares during the period. Institutional investors and hedge funds own 83.06% of the company’s stock.
American Water Works Stock Performance
Shares of NYSE AWK traded up $0.72 during trading hours on Friday, reaching $143.17. The stock had a trading volume of 410,243 shares, compared to its average volume of 1,052,539. The business’s fifty day moving average is $146.60 and its two-hundred day moving average is $148.92. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $27.87 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 3.65 and a beta of 0.57. American Water Works Company, Inc. has a twelve month low of $122.77 and a twelve month high of $162.59.
American Water Works Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Tuesday, May 9th will be paid a dividend of $0.7075 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.66. This represents a $2.83 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Monday, May 8th. American Water Works’s dividend payout ratio is currently 62.20%.
Insiders Place Their Bets
In related news, Director Michael Marberry acquired 1,400 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was purchased at an average cost of $142.35 per share, for a total transaction of $199,290.00. Following the completion of the purchase, the director now directly owns 3,673 shares of the company’s stock, valued at approximately $522,851.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 target price on shares of American Water Works in a report on Tuesday, March 7th. StockNews.com began coverage on American Water Works in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Bank of America upped their target price on American Water Works from $134.00 to $140.00 in a research report on Monday, April 24th. Finally, TheStreet cut American Water Works from a “b” rating to a “c+” rating in a research report on Wednesday, February 15th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $156.00.
American Water Works Company Profile
American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.
- Get a free copy of the StockNews.com research report on American Water Works (AWK)
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