Ausbil Investment Management Ltd increased its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,760 shares of the utilities provider’s stock after buying an additional 167 shares during the period. American Water Works comprises approximately 4.2% of Ausbil Investment Management Ltd’s holdings, making the stock its 10th largest holding. Ausbil Investment Management Ltd’s holdings in American Water Works were worth $6,818,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Gradient Investments LLC bought a new stake in American Water Works during the 1st quarter valued at $26,000. TCTC Holdings LLC bought a new position in American Water Works in the first quarter worth about $26,000. Clear Street Markets LLC purchased a new stake in shares of American Water Works during the fourth quarter valued at about $28,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of American Water Works in the 4th quarter valued at about $29,000. Finally, Spirit of America Management Corp NY bought a new position in shares of American Water Works during the 1st quarter worth approximately $29,000. 84.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AWK has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $169.00 target price on shares of American Water Works in a research note on Thursday. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Bank of America reduced their target price on American Water Works from $140.00 to $139.00 in a research report on Thursday, July 6th. Finally, Guggenheim lowered their price target on American Water Works from $152.00 to $147.00 in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $153.83.
American Water Works Stock Performance
AWK stock traded up $0.06 during midday trading on Monday, reaching $138.96. The stock had a trading volume of 121,350 shares, compared to its average volume of 1,007,223. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a fifty day simple moving average of $141.65 and a two-hundred day simple moving average of $143.86. The stock has a market cap of $27.05 billion, a PE ratio of 29.00, a P/E/G ratio of 3.55 and a beta of 0.57. American Water Works Company, Inc. has a 52-week low of $122.77 and a 52-week high of $162.59.
American Water Works (NYSE:AWK – Get Free Report) last released its earnings results on Thursday, July 27th. The utilities provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.17. American Water Works had a return on equity of 10.31% and a net margin of 22.08%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue was up 17.1% compared to the same quarter last year. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 4.8 EPS for the current year.
American Water Works Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 8th were paid a $0.7075 dividend. The ex-dividend date was Monday, August 7th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 2.04%. American Water Works’s payout ratio is currently 59.08%.
American Water Works 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.
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