5,621 Shares in American Water Works Company, Inc. $AWK Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 5,621 shares of the utilities provider’s stock, valued at approximately $728,000.

A number of other hedge funds also recently bought and sold shares of AWK. Versant Capital Management Inc increased its holdings in shares of American Water Works by 6.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider’s stock worth $158,000 after buying an additional 74 shares during the last quarter. CoreCap Advisors LLC boosted its stake in American Water Works by 21.1% during the third quarter. CoreCap Advisors LLC now owns 453 shares of the utilities provider’s stock worth $62,000 after buying an additional 79 shares during the period. Independence Bank of Kentucky boosted its stake in shares of American Water Works by 6.9% during the 3rd quarter. Independence Bank of Kentucky now owns 1,233 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 80 shares during the period. Eastern Bank grew its stake in shares of American Water Works by 2.9% during the third quarter. Eastern Bank now owns 2,945 shares of the utilities provider’s stock valued at $381,000 after buying an additional 82 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its position in American Water Works by 43.5% in the 3rd quarter. Center for Financial Planning Inc. now owns 287 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial set a $139.00 price target on shares of American Water Works in a research note on Tuesday, August 4th. Bank of America reissued a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Barclays cut their target price on American Water Works from $130.00 to $127.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Huntington downgraded shares of American Water Works from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 5th. Finally, UBS Group cut shares of American Water Works from a “buy” rating to a “neutral” rating and increased their target price for the company from $153.00 to $162.00 in a research report on Friday. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $141.14.

American Water Works Stock Performance

Shares of American Water Works stock opened at $150.26 on Wednesday. The firm has a market capitalization of $29.92 billion, a P/E ratio of 26.04, a PEG ratio of 3.04 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.17. The company has a 50 day moving average price of $137.20 and a 200 day moving average price of $133.05. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $153.69.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.04). The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.58 billion. American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. Sell-side analysts expect that American Water Works Company, Inc. will post 6.09 EPS 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. Investors of record on Thursday, November 12th will be paid a $0.8950 dividend. The ex-dividend date is Thursday, November 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.4%. American Water Works’s dividend payout ratio (DPR) is 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. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.