WEALTHFRONT Corp grew its stake in American Water Works Company Inc (NYSE:AWK) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,738 shares of the utilities provider’s stock after purchasing an additional 1,219 shares during the period. WEALTHFRONT Corp’s holdings in American Water Works were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of American Water Works by 3.3% in the 2nd quarter. BlackRock Inc. now owns 13,605,841 shares of the utilities provider’s stock worth $1,161,668,000 after acquiring an additional 437,246 shares in the last quarter. Carillon Tower Advisers Inc. boosted its holdings in shares of American Water Works by 1,172.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock worth $26,092,000 after acquiring an additional 281,575 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of American Water Works by 47.0% in the 3rd quarter. Renaissance Technologies LLC now owns 715,800 shares of the utilities provider’s stock worth $62,969,000 after acquiring an additional 228,700 shares in the last quarter. Sabal Trust CO acquired a new position in shares of American Water Works in the 3rd quarter worth approximately $18,921,000. Finally, Moneta Group Investment Advisors LLC boosted its holdings in shares of American Water Works by 21,984.6% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 211,350 shares of the utilities provider’s stock worth $507,000 after acquiring an additional 210,393 shares in the last quarter. Institutional investors own 83.08% of the company’s stock.
AWK stock opened at $97.80 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.46. The firm has a market capitalization of $17.58 billion, a PE ratio of 32.28, a P/E/G ratio of 3.78 and a beta of 0.12. American Water Works Company Inc has a twelve month low of $76.04 and a twelve month high of $98.18.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $946.35 million. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. On average, analysts expect that American Water Works Company Inc will post 3.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.86%. American Water Works’s dividend payout ratio (DPR) is currently 60.07%.
AWK has been the topic of several recent analyst reports. ValuEngine downgraded American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Robert W. Baird raised American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 target price on the stock in a report on Thursday. Finally, Evercore ISI assumed coverage on American Water Works in a report on Monday, September 17th. They issued an “outperform” rating and a $96.00 target price on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $93.02.
In related news, Director Karl F. Kurz purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were bought at an average price of $91.30 per share, with a total value of $91,300.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Walter Lynch sold 5,000 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $91.69, for a total value of $458,450.00. Following the completion of the transaction, the chief operating officer now directly owns 107,031 shares in the company, valued at approximately $9,813,672.39. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
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American Water Works Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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