BTR Capital Management Inc. lessened its stake in shares of American Water Works Company Inc (NYSE:AWK) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,315 shares of the utilities provider’s stock after selling 905 shares during the quarter. American Water Works accounts for about 2.7% of BTR Capital Management Inc.’s investment portfolio, making the stock its 9th largest position. BTR Capital Management Inc.’s holdings in American Water Works were worth $15,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of American Water Works by 17.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock worth $1,017,533,000 after purchasing an additional 1,293,688 shares during the period. BlackRock Inc. raised its stake in American Water Works by 5.7% in the second quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock valued at $1,786,029,000 after buying an additional 827,507 shares during the period. Nuveen Asset Management LLC bought a new stake in American Water Works in the second quarter valued at approximately $59,360,000. State Street Corp grew its position in shares of American Water Works by 3.0% in the third quarter. State Street Corp now owns 9,374,832 shares of the utilities provider’s stock valued at $1,164,635,000 after purchasing an additional 271,977 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of American Water Works by 23.4% in the second quarter. California Public Employees Retirement System now owns 1,370,379 shares of the utilities provider’s stock valued at $158,964,000 after purchasing an additional 259,864 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.
A number of equities research analysts recently issued reports on AWK shares. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating and set a $126.00 price target on the stock. in a research report on Monday, December 16th. ValuEngine cut American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co restated a “hold” rating on shares of American Water Works in a research note on Friday, December 6th. Robert W. Baird upped their target price on American Water Works from $117.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Bank of America restated an “underperform” rating and set a target price (up from ) on shares of American Water Works in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. American Water Works currently has an average rating of “Hold” and a consensus price target of $132.00.
Shares of AWK traded up $0.61 during trading hours on Friday, reaching $129.18. The stock had a trading volume of 3,018 shares, compared to its average volume of 949,073. American Water Works Company Inc has a 12 month low of $91.54 and a 12 month high of $129.89. The stock has a market capitalization of $23.19 billion, a PE ratio of 39.14, a PEG ratio of 3.98 and a beta of 0.05. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.51 and a current ratio of 0.54. The company’s 50-day moving average is $121.92 and its two-hundred day moving average is $121.07.
American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. American Water Works’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. Equities analysts anticipate that American Water Works Company Inc will post 3.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, February 6th. American Water Works’s dividend payout ratio is currently 60.61%.
About American Water Works
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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