3,684 Shares of American Water Works Company, Inc. $AWK Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 3,684 shares of the utilities provider’s stock, valued at approximately $477,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in American Water Works in the 2nd quarter valued at $2,712,173,000. GQG Partners LLC bought a new position in shares of American Water Works during the 2nd quarter worth about $1,171,477,000. Wellington Management Group LLP increased its holdings in shares of American Water Works by 35.2% during the 2nd quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock worth $1,962,116,000 after purchasing an additional 3,883,057 shares during the period. Legal & General Group Plc bought a new position in shares of American Water Works during the 2nd quarter worth about $443,787,000. Finally, Bank of America Corp DE acquired a new position in shares of American Water Works during the second quarter valued at about $367,632,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial set a $139.00 target price on shares of American Water Works in a research note on Tuesday, August 4th. UBS Group lowered American Water Works from a “buy” rating to a “neutral” rating and boosted their price target for the company from $153.00 to $162.00 in a research note on Friday. Mizuho set a $149.00 price target on American Water Works in a research note on Friday, October 30th. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.14.

American Water Works Stock Up 0.7%

Shares of AWK stock opened at $150.26 on Wednesday. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $153.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.39 and a quick ratio of 0.36. The stock has a fifty day moving average price of $137.20 and a 200 day moving average price of $133.05. The stock has a market cap of $29.92 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.04). American Water Works had a net margin of 21.26% and a return on equity of 10.14%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm earned $1.94 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Thursday, November 12th will be given a dividend of $0.8950 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, November 12th. American Water Works’s payout ratio is 62.05%.

American Water Works Company Profile

American Water Works Company, Inc. is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services. The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.