State of Michigan Retirement System Has $7.28 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

State of Michigan Retirement System increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,497 shares of the utilities provider’s stock after purchasing an additional 5,400 shares during the quarter. State of Michigan Retirement System’s holdings in American Water Works were worth $7,282,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AWK. State Street Corp boosted its stake in American Water Works by 1.9% in the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after purchasing an additional 214,082 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of American Water Works by 1.0% in the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after acquiring an additional 43,754 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of American Water Works by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after purchasing an additional 125,128 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after purchasing an additional 1,321,320 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of American Water Works by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,120,062 shares of the utilities provider’s stock valued at $163,798,000 after purchasing an additional 18,586 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company raised their target price on shares of American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $140.57.

American Water Works Stock Down 1.0 %

NYSE:AWK opened at $137.83 on Thursday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The firm has a market capitalization of $26.87 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average price is $126.60 and its two-hundred day moving average price is $134.37.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 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 Tuesday, March 4th. Investors of record on Friday, February 7th were paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 56.77%.

American Water Works Company 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.