Hohimer Wealth Management LLC Buys New Position in American Water Works Company, Inc. $AWK

Hohimer Wealth Management LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the third quarter, HoldingsChannel reports. The institutional investor bought 17,740 shares of the utilities provider’s stock, valued at approximately $2,297,000.

Several other institutional investors have also added to or reduced their stakes in AWK. BlackRock Inc. purchased a new position in shares of American Water Works during the 2nd quarter worth $2,712,173,000. Wellington Management Group LLP grew its position 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 valued at $1,962,116,000 after acquiring an additional 3,883,057 shares during the period. GQG Partners LLC bought a new stake in shares of American Water Works during the 2nd quarter valued at $1,171,477,000. Amundi increased its stake in shares of American Water Works by 4.3% in the 1st quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock worth $592,081,000 after purchasing an additional 179,127 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of American Water Works in the 2nd quarter worth $443,787,000. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AWK has been the topic of a number of recent research reports. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Weiss Ratings upgraded American Water Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, November 2nd. Truist Financial set a $139.00 price objective on American Water Works in a research note on Tuesday, August 4th. Finally, Huntington downgraded American Water Works from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 5th. 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $141.14.

American Water Works Price Performance

Shares of NYSE:AWK opened at $149.19 on Tuesday. The company has a market capitalization of $29.70 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.05 and a beta of 0.56. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $153.69. The firm’s 50 day simple moving average is $136.96 and its two-hundred day simple moving average is $132.96. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.39 and a quick ratio of 0.36.

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

American Water Works Announces Dividend

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

About American Water Works

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.