iSAM Funds UK Ltd acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,100 shares of the utilities provider’s stock, valued at approximately $539,000.
A number of other institutional investors have also recently added to or reduced their stakes in AWK. Empowered Funds LLC raised its holdings in shares of American Water Works by 11.5% during the 1st quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 609 shares in the last quarter. Woodline Partners LP boosted its holdings in American Water Works by 40.7% in the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock worth $2,429,000 after purchasing an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in American Water Works in the second quarter worth $302,000. Cresset Asset Management LLC increased its position in American Water Works by 1.5% during the second quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after buying an additional 85 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in American Water Works by 184.4% during the second quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock worth $764,000 after buying an additional 3,561 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.
American Water Works Price Performance
Shares of NYSE:AWK opened at $139.44 on Thursday. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.80 and a beta of 0.59. The business has a 50 day moving average price of $134.80 and a 200 day moving average price of $132.27. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $145.64.
American Water Works Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on AWK shares. Barclays boosted their price target on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Truist Financial set a $139.00 target price on American Water Works in a report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Finally, UBS Group lifted their price target on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $138.78.
Read Our Latest Stock Analysis on American Water Works
American Water Works 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.
Read More
- Five stocks we like better than American Water Works
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK – Free Report).
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.
