Dearborn Partners LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 106,883 shares of the utilities provider’s stock, valued at approximately $14,064,000. Dearborn Partners LLC owned approximately 0.05% of American Water Works as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of AWK. Reflection Asset Management bought a new position in shares of American Water Works during the fourth quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its position in shares of American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock valued at $26,000 after buying an additional 90 shares in the last quarter. Nemes Rush Group LLC bought a new stake in shares of American Water Works in the fourth quarter valued at approximately $27,000. Ascentis Independent Advisors acquired a new stake in American Water Works during the first quarter worth approximately $27,000. Finally, MV Capital Management Inc. acquired a new stake in American Water Works during the fourth quarter worth approximately $29,000. Institutional investors own 86.58% of the company’s stock.
American Water Works Stock Down 0.7%
NYSE AWK opened at $136.59 on Friday. The business has a fifty day moving average price of $133.87 and a two-hundred day moving average price of $131.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $145.64. The stock has a market capitalization of $27.15 billion, a PE ratio of 23.67, a PEG ratio of 2.80 and a beta of 0.60.
American Water Works Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.895 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 annualized dividend and a yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is 62.05%.
Analysts Set New Price Targets
Several equities analysts have weighed in on AWK shares. JPMorgan Chase & Co. lifted their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Bank of America restated a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Mizuho boosted their price target on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Barclays upped their price objective on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $138.78.
View Our Latest Report 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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