AdvisorShares Investments LLC Makes New $3.42 Million Investment in American Water Works Company, Inc. (NYSE:AWK)

AdvisorShares Investments LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWKFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 25,937 shares of the utilities provider’s stock, valued at approximately $3,423,000. American Water Works comprises 0.8% of AdvisorShares Investments LLC’s holdings, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jump Financial LLC acquired a new stake in shares of American Water Works during the 3rd quarter worth approximately $788,000. Kingsview Wealth Management LLC lifted its stake in American Water Works by 19.1% in the third quarter. Kingsview Wealth Management LLC now owns 3,623 shares of the utilities provider’s stock valued at $449,000 after acquiring an additional 580 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in American Water Works in the third quarter valued at $727,000. Avantax Advisory Services Inc. lifted its stake in shares of American Water Works by 5.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 11,351 shares of the utilities provider’s stock worth $1,406,000 after buying an additional 601 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of American Water Works during the 3rd quarter worth about $4,754,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AWK has been the topic of a number of recent research reports. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Finally, UBS Group raised their target price on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $141.33.

Get Our Latest Research Report on AWK

American Water Works Trading Down 1.8 %

Shares of NYSE AWK traded down $2.37 during midday trading on Friday, reaching $128.25. The stock had a trading volume of 1,096,066 shares, compared to its average volume of 1,107,068. The firm has a market cap of $24.99 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 3.12 and a beta of 0.67. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $151.22. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.79 and a current ratio of 0.85. The company’s 50 day moving average price is $125.65 and its 200 day moving average price is $125.84.

American Water Works (NYSE:AWKGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $962.30 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were issued a $0.765 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Monday, May 13th. American Water Works’s payout ratio is 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.

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

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