Venturi Wealth Management LLC increased its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,454 shares of the utilities provider’s stock after acquiring an additional 342 shares during the quarter. Venturi Wealth Management LLC’s holdings in American Water Works were worth $4,970,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Orrstown Financial Services Inc. raised its stake in American Water Works by 208.7% during the third quarter. Orrstown Financial Services Inc. now owns 318 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 215 shares during the period. NewSquare Capital LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at approximately $42,000. River & Mercantile Asset Management LLP purchased a new stake in shares of American Water Works in the 2nd quarter valued at approximately $50,000. Manchester Financial Inc. purchased a new stake in shares of American Water Works in the 4th quarter valued at approximately $56,000. Finally, Savior LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at approximately $70,000. Hedge funds and other institutional investors own 83.85% of the company’s stock.
A number of research firms have recently issued reports on AWK. Janney Montgomery Scott boosted their price target on shares of American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a research note on Monday, October 7th. ValuEngine downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America reaffirmed an “underperform” rating and set a target price (up from ) on shares of American Water Works in a research note on Monday, January 13th. Zacks Investment Research downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $126.00 target price on the stock. in a research note on Monday, December 16th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of American Water Works in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. American Water Works has an average rating of “Hold” and a consensus price target of $132.00.
AWK traded down $0.20 during trading hours on Monday, hitting $135.58. 47,287 shares of the company’s stock were exchanged, compared to its average volume of 897,613. American Water Works Company Inc has a 12-month low of $92.36 and a 12-month high of $136.41. The firm has a 50 day moving average of $123.70 and a 200 day moving average of $121.68. The firm has a market cap of $24.55 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 4.33 and a beta of 0.05. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.40.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.30 by $0.03. American Water Works had a net margin of 17.85% and a return on equity of 10.77%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts expect that American Water Works Company Inc will post 3.62 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 7th will be given a $0.50 dividend. The ex-dividend date is Thursday, February 6th. This represents a $2.00 annualized dividend and a yield of 1.48%. American Water Works’s dividend payout ratio (DPR) is 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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