StoneRidge PMG Advisors LLC Makes New $461,000 Investment in American Water Works Company, Inc. $AWK

StoneRidge PMG Advisors LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,560 shares of the utilities provider’s stock, valued at approximately $461,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ascentis Independent Advisors purchased a new stake in American Water Works in the 1st quarter worth about $27,000. Harborfront Financial Group LLC bought a new stake in American Water Works in the 2nd quarter valued at about $29,000. Farmers & Merchants Investments Inc. lifted its holdings in American Water Works by 73.1% during the third quarter. Farmers & Merchants Investments Inc. now owns 232 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 98 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in American Water Works during the third quarter valued at about $31,000. Finally, Global Assets Advisory LLC purchased a new stake in American Water Works during the first quarter valued at about $33,000. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AWK. Huntington lowered shares of American Water Works from an “outperform” rating to a “market perform” rating in a research report on Thursday. Truist Financial set a $139.00 price target on shares of American Water Works in a research report on Tuesday, August 4th. Barclays lowered their price target on shares of American Water Works from $130.00 to $127.00 and set an “underweight” rating on the stock in a research report on Monday, October 19th. UBS Group cut shares of American Water Works from a “buy” rating to a “neutral” rating and upped their price target for the company from $153.00 to $162.00 in a research note on Friday. Finally, Mizuho set a $149.00 price objective on shares of American Water Works in a report on Friday, October 30th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.14.

American Water Works Price Performance

Shares of NYSE AWK opened at $150.42 on Monday. The stock has a market cap of $29.95 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $153.69. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.39. The stock has a fifty day moving average of $136.74 and a 200-day moving average of $132.87.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.04). The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Equities research analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Dividend Announcement

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

American Water Works 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.