Perennial Advisors LLC Has $4.67 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Perennial Advisors LLC raised its position in American Water Works Company, Inc. (NYSE:AWKFree Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,219 shares of the utilities provider’s stock after purchasing an additional 1,780 shares during the period. Perennial Advisors LLC’s holdings in American Water Works were worth $4,671,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Diversified LLC grew its holdings in shares of American Water Works by 3.2% during the 4th quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock valued at $336,000 after purchasing an additional 80 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of American Water Works by 4.8% during the 4th quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 83 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of American Water Works by 10.4% during the 4th quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 84 shares during the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of American Water Works by 0.5% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 20,919 shares of the utilities provider’s stock valued at $2,590,000 after purchasing an additional 94 shares during the last quarter. Finally, Journey Advisory Group LLC grew its holdings in shares of American Water Works by 5.6% during the 4th quarter. Journey Advisory Group LLC now owns 1,900 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AWK shares. UBS Group lifted their price target on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.33.

View Our Latest Stock Analysis on American Water Works

American Water Works Trading Down 0.2 %

NYSE:AWK traded down $0.22 during mid-day trading on Thursday, hitting $130.25. 1,061,582 shares of the company’s stock were exchanged, compared to its average volume of 1,404,215. The company has a 50 day simple moving average of $127.40 and a 200-day simple moving average of $125.71. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.26. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $151.22. The firm has a market capitalization of $25.38 billion, a P/E ratio of 26.42, a PEG ratio of 3.11 and a beta of 0.67.

American Water Works (NYSE:AWKGet Free Report) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $962.30 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th were given a $0.765 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.35%. This is an increase from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s payout ratio is 62.07%.

American Water Works Company Profile

(Free Report)

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.

See Also

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

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