17,740 Shares in American Water Works Company, Inc. $AWK Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,740 shares of the utilities provider’s stock, valued at approximately $2,297,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in American Water Works during the 2nd quarter valued at $2,712,173,000. Wellington Management Group LLP increased its holdings 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 purchasing an additional 3,883,057 shares in the last quarter. GQG Partners LLC purchased a new position in shares of American Water Works in the second quarter worth $1,171,477,000. Amundi raised its stake in shares of American Water Works by 4.3% in the first quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock worth $592,081,000 after purchasing an additional 179,127 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of American Water Works in the second quarter worth $443,787,000. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AWK shares. Huntington downgraded American Water Works from an “outperform” rating to a “market perform” rating in a report on Thursday, November 5th. Weiss Ratings upgraded American Water Works from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, November 2nd. Barclays decreased their target price on American Water Works from $130.00 to $127.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Finally, UBS Group cut shares of American Water Works from a “buy” rating to a “neutral” rating and upped their target price for the company from $153.00 to $162.00 in a research note on Friday. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.14.

American Water Works Price Performance

NYSE AWK opened at $149.19 on Tuesday. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.05 and a beta of 0.56. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $153.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.39 and a quick ratio of 0.36. The business’s fifty day moving average price is $136.96 and its 200-day moving average price is $132.96.

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 firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.58 billion. American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. On average, equities analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Thursday, November 12th will be given a $0.8950 dividend. 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 (DPR) is presently 62.05%.

About American Water Works

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.