Keel Point LLC Has $244,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

Keel Point LLC lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,962 shares of the utilities provider’s stock after purchasing an additional 111 shares during the quarter. Keel Point LLC’s holdings in American Water Works were worth $244,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AWK. Crews Bank & Trust acquired a new stake in American Water Works during the 4th quarter worth approximately $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works in the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC boosted its stake in American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in American Water Works during the 4th quarter worth about $47,000. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AWK shares. Barclays initiated coverage on American Water Works in a research report on Tuesday, April 22nd. They set an “underweight” rating and a $138.00 price objective for the company. Evercore ISI upped their price target on American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a research report on Friday. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a report on Friday, April 4th. JPMorgan Chase & Co. reduced their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, UBS Group lowered shares of American Water Works from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $143.22.

American Water Works Trading Up 0.4 %

Shares of NYSE:AWK opened at $147.04 on Friday. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The company has a market capitalization of $28.67 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The company has a 50-day simple moving average of $143.69 and a 200 day simple moving average of $134.82.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 earnings per share. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be given a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This is a positive change from American Water Works’s previous quarterly dividend of $0.77. This represents a $3.31 annualized dividend and a dividend yield of 2.25%. American Water Works’s dividend payout ratio is presently 56.77%.

About American Water Works

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.