American Water Works Company, Inc. (NYSE:AWK) Stock Holdings Lifted by Lokken Investment Group LLC

Lokken Investment Group LLC lifted its position in American Water Works Company, Inc. (NYSE:AWK) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,503 shares of the utilities provider’s stock after acquiring an additional 829 shares during the quarter. Lokken Investment Group LLC’s holdings in American Water Works were worth $969,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AWK. Vanguard Group Inc. lifted its holdings in shares of American Water Works by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after purchasing an additional 624,977 shares in the last quarter. Impax Asset Management Group plc raised its position in American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock valued at $890,422,000 after buying an additional 247,745 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in American Water Works by 1.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,143,437 shares of the utilities provider’s stock worth $261,949,000 after acquiring an additional 25,887 shares in the last quarter. Norges Bank acquired a new stake in American Water Works during the 4th quarter worth about $275,476,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in American Water Works by 945.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock valued at $238,397,000 after acquiring an additional 1,633,389 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $135.60.

American Water Works Stock Performance

Shares of NYSE AWK opened at $149.88 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The business’s 50-day moving average price is $142.52 and its two-hundred day moving average price is $131.26. The company has a market capitalization of $29.20 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 3.49 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $1.44 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts anticipate that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.765 per share. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.04%. American Water Works’s dividend payout ratio is currently 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.