Neuburgh Advisers LLC raised its position in American Water Works Company Inc (NYSE:AWK) by 18.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 17,314 shares of the utilities provider’s stock after acquiring an additional 2,662 shares during the quarter. Neuburgh Advisers LLC’s holdings in American Water Works were worth $1,805,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AWK. Norges Bank acquired a new position in shares of American Water Works during the 4th quarter worth $218,024,000. Vanguard Group Inc grew its stake in shares of American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after purchasing an additional 436,131 shares during the period. BlackRock Inc. grew its stake in shares of American Water Works by 2.2% during the 4th quarter. BlackRock Inc. now owns 14,335,088 shares of the utilities provider’s stock worth $1,301,195,000 after purchasing an additional 311,893 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of American Water Works by 66.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 692,358 shares of the utilities provider’s stock worth $62,845,000 after purchasing an additional 276,116 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of American Water Works by 40.2% during the 4th quarter. California Public Employees Retirement System now owns 932,573 shares of the utilities provider’s stock worth $84,650,000 after purchasing an additional 267,380 shares during the period. 84.42% of the stock is currently owned by institutional investors.
AWK has been the topic of a number of recent analyst reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of American Water Works in a research note on Monday. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Janney Montgomery Scott reaffirmed a “buy” rating and set a $102.00 price target on shares of American Water Works in a research note on Thursday, February 21st. Bank of America upped their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $109.67.
Shares of NYSE AWK opened at $116.93 on Friday. The stock has a market capitalization of $21.14 billion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 4.03 and a beta of 0.19. American Water Works Company Inc has a 52 week low of $78.91 and a 52 week high of $119.28. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). The business had revenue of $813.00 million during the quarter, compared to analyst estimates of $792.73 million. American Water Works had a net margin of 16.44% and a return on equity of 10.25%. American Water Works’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, equities research analysts expect that American Water Works Company Inc will post 3.6 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Monday, May 13th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.71%. This is a boost from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 10th. American Water Works’s dividend payout ratio is presently 60.61%.
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American Water Works Company 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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
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