Providence First Trust Co Acquires New Holdings in American Water Works Company, Inc. $AWK

Providence First Trust Co acquired a new position in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,412 shares of the utilities provider’s stock, valued at approximately $571,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in American Water Works during the 2nd quarter valued at $2,712,173,000. GQG Partners LLC bought a new position in shares of American Water Works in the 2nd quarter worth $1,171,477,000. Wellington Management Group LLP raised its position in shares of American Water Works by 35.2% in the 2nd quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock worth $1,962,116,000 after acquiring an additional 3,883,057 shares in the last quarter. Legal & General Group Plc bought a new position in shares of American Water Works in the 2nd quarter worth $443,787,000. Finally, Bank of America Corp DE purchased a new stake in shares of American Water Works during the 2nd quarter worth $367,632,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE AWK opened at $150.42 on Friday. The firm’s fifty day simple moving average is $136.74 and its two-hundred day simple moving average is $132.87. The firm has a market capitalization of $29.95 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.06 and a beta of 0.56. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $153.69.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $2.00 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.04). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.58 billion. American Water Works had a net margin of 21.26% and a return on equity of 10.14%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 EPS. Analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Thursday, November 12th will be given a dividend of $0.8950 per share. This represents a $3.58 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 12th. American Water Works’s dividend payout ratio is currently 62.05%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AWK shares. Weiss Ratings raised American Water Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, November 2nd. UBS Group downgraded shares of American Water Works from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $153.00 to $162.00 in a report on Friday. Mizuho set a $149.00 price target on shares of American Water Works in a research report on Friday, October 30th. Huntington cut shares of American Water Works from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $141.14.

American Water Works Company Profile

American Water Works Company, Inc is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services.

The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South.