Cary Street Partners Investment Advisory LLC Raises Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Cary Street Partners Investment Advisory LLC boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,088 shares of the utilities provider’s stock after buying an additional 88 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in American Water Works were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Avion Wealth acquired a new position in American Water Works during the 2nd quarter worth about $25,000. TCTC Holdings LLC purchased a new position in shares of American Water Works in the first quarter valued at approximately $26,000. Clear Street Markets LLC acquired a new position in shares of American Water Works in the fourth quarter valued at approximately $28,000. Fiduciary Alliance LLC acquired a new stake in American Water Works during the 2nd quarter worth approximately $27,000. Finally, Trium Capital LLP purchased a new position in American Water Works in the 1st quarter valued at approximately $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael Marberry bought 3,786 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $130.20 per share, with a total value of $492,937.20. Following the transaction, the director now directly owns 7,459 shares in the company, valued at $971,161.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AWK. Royal Bank of Canada reiterated an “outperform” rating and issued a $169.00 target price on shares of American Water Works in a report on Thursday, September 14th. StockNews.com initiated coverage on shares of American Water Works in a research note on Thursday, October 5th. They set a “sell” rating on the stock. Guggenheim decreased their price target on shares of American Water Works from $147.00 to $126.00 in a research note on Monday, October 9th. Finally, Mizuho boosted their price target on shares of American Water Works from $134.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th.

American Water Works Price Performance

AWK stock opened at $130.67 on Tuesday. The business has a 50 day moving average price of $125.08 and a 200 day moving average price of $137.04. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.18. The stock has a market cap of $25.44 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.31 and a beta of 0.63. American Water Works Company, Inc. has a fifty-two week low of $114.25 and a fifty-two week high of $162.59.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.11. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. American Water Works had a net margin of 22.26% and a return on equity of 9.99%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. Equities research analysts anticipate that American Water Works Company, Inc. will post 4.82 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, November 13th. American Water Works’s payout ratio is 58.71%.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,600 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.