Arwa LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,166 shares of the utilities provider’s stock, valued at approximately $1,196,000.
A number of other large investors have also recently modified their holdings of AWK. SeaCrest Wealth Management LLC grew its holdings in shares of American Water Works by 3.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 2,269 shares of the utilities provider’s stock valued at $289,000 after buying an additional 77 shares during the last quarter. Peddock Capital Advisors LLC increased its stake in American Water Works by 2.9% in the 4th quarter. Peddock Capital Advisors LLC now owns 2,824 shares of the utilities provider’s stock worth $369,000 after buying an additional 79 shares in the last quarter. Salomon & Ludwin LLC increased its stake in American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after buying an additional 81 shares in the last quarter. Faithward Advisors LLC raised its holdings in American Water Works by 5.4% during the third quarter. Faithward Advisors LLC now owns 1,602 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 82 shares during the period. Finally, PFG Investments LLC raised its holdings in American Water Works by 0.6% during the fourth quarter. PFG Investments LLC now owns 13,108 shares of the utilities provider’s stock valued at $1,711,000 after acquiring an additional 84 shares during the period. Institutional investors own 86.58% of the company’s stock.
American Water Works Trading Up 0.1%
Shares of AWK stock opened at $125.25 on Friday. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.87. The firm has a market cap of $24.46 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The company has a 50-day moving average of $127.42 and a two-hundred day moving average of $130.51. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34.
American Water Works Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were paid a $0.895 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, May 12th. American Water Works’s payout ratio is currently 63.48%.
Analyst Upgrades and Downgrades
Several research firms have commented on AWK. Barclays increased their price objective on shares of American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Wells Fargo & Company set a $131.00 target price on American Water Works in a research report on Tuesday, April 21st. Bank of America lowered their target price on American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $137.00 to $140.00 in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $138.11.
Get Our Latest Stock Analysis on American Water Works
American Water Works Profile
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
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