American Water Works Company, Inc. $AWK Stock Position Raised by Ethic Inc.

Ethic Inc. boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 44.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,303 shares of the utilities provider’s stock after purchasing an additional 50,488 shares during the period. Ethic Inc. owned approximately 0.08% of American Water Works worth $22,413,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake 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 grew its holdings in shares of American Water Works by 21.1% in the third quarter. CoreCap Advisors LLC now owns 453 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 79 shares during the period. Independence Bank of Kentucky increased its position in American Water Works by 6.9% during the third quarter. Independence Bank of Kentucky now owns 1,233 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 80 shares during the last quarter. REAP Financial Group LLC increased its position in American Water Works by 20.3% during the third quarter. REAP Financial Group LLC now owns 480 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 81 shares during the last quarter. Finally, Eastern Bank increased its position in 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 acquiring an additional 82 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of recent research reports. Weiss Ratings raised American Water Works from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, November 2nd. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. UBS Group lowered shares of American Water Works from a “buy” rating to a “neutral” rating and upped their price target for the company from $153.00 to $162.00 in a research report on Friday. Bank of America reiterated a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. Finally, Truist Financial set a $139.00 price objective on shares of American Water Works in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.14.

American Water Works Trading Down 1.3%

NYSE:AWK opened at $150.42 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.39 and a quick ratio of 0.36. The firm has a market capitalization of $29.95 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $153.69. The business has a fifty day moving average price of $136.74 and a 200-day moving average price of $132.87.

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 net margin of 21.26% and a return on equity of 10.14%. American Water Works’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share. Sell-side analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Thursday, November 12th will be paid a $0.8950 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $3.58 annualized dividend and a dividend yield of 2.4%. American Water Works’s dividend payout ratio (DPR) is 62.05%.

American Water Works Company Profile

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.