American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,964 shares of the utilities provider’s stock after acquiring an additional 250 shares during the period. Park Avenue Securities LLC’s holdings in American Water Works were worth $2,449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversified LLC boosted its position in American Water Works by 3.2% during the fourth quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 80 shares in the last quarter. Headlands Technologies LLC boosted its position in American Water Works by 10.4% during the fourth quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 84 shares in the last quarter. Moody National Bank Trust Division boosted its position in American Water Works by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after purchasing an additional 88 shares in the last quarter. State of Alaska Department of Revenue boosted its position in American Water Works by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock worth $2,581,000 after purchasing an additional 95 shares in the last quarter. Finally, Journey Advisory Group LLC boosted its position in American Water Works by 5.6% during the fourth quarter. Journey Advisory Group LLC now owns 1,900 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AWK shares. UBS Group boosted their target price on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus target price of $141.17.

American Water Works Stock Up 0.1 %

Shares of AWK stock traded up $0.21 during trading hours on Wednesday, reaching $143.81. The company had a trading volume of 797,400 shares, compared to its average volume of 1,294,266. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 0.64. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $149.00. The company has a market capitalization of $28.02 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 3.44 and a beta of 0.67. The stock’s fifty day simple moving average is $134.03 and its 200 day simple moving average is $126.72.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. American Water Works’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that American Water Works Company, Inc. will post 5.25 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th will be given a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.13%. American Water Works’s payout ratio is 62.07%.

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 1,700 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.