ING Groep NV Raises Holdings in American Water Works Company, Inc. (NYSE:AWK)

ING Groep NV boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 9.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,656 shares of the utilities provider’s stock after buying an additional 2,217 shares during the quarter. ING Groep NV’s holdings in American Water Works were worth $3,518,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of AWK. MV Capital Management Inc. lifted its position in American Water Works by 110.8% during the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 103 shares in the last quarter. ORG Partners LLC lifted its position in shares of American Water Works by 79.2% in the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 103 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of American Water Works in the fourth quarter valued at about $35,000. Key Financial Inc lifted its position in shares of American Water Works by 266.7% in the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in shares of American Water Works in the fourth quarter valued at about $40,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the transaction, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Finally, UBS Group boosted their price objective on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $141.33.

View Our Latest Analysis on AWK

American Water Works Trading Down 0.1 %

Shares of AWK stock opened at $133.60 on Tuesday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $151.22. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.26. The stock’s 50-day moving average price is $122.67 and its 200-day moving average price is $125.63. The stock has a market capitalization of $26.03 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 3.19 and a beta of 0.62.

American Water Works (NYSE:AWKGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $962.30 million. During the same period in the previous year, the firm earned $0.91 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.765 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, May 13th. American Water Works’s payout ratio is presently 62.07%.

American Water Works Profile

(Free Report)

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 1,700 communities in 14 states serving approximately 3.5 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.

Further Reading

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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