FDx Advisors Inc. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,521 shares of the utilities provider’s stock, valued at approximately $232,000.
Several other institutional investors also recently bought and sold shares of the business. Horizon Kinetics Asset Management LLC grew its holdings in American Water Works by 3.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 1,829 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 69 shares during the period. StrongBox Wealth LLC boosted its stake in shares of American Water Works by 3.8% in the fourth quarter. StrongBox Wealth LLC now owns 1,918 shares of the utilities provider’s stock worth $292,000 after acquiring an additional 70 shares during the last quarter. Kovack Advisors Inc. boosted its stake in shares of American Water Works by 3.9% in the third quarter. Kovack Advisors Inc. now owns 1,915 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 71 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of American Water Works by 11.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 75 shares during the last quarter. Finally, Aries Wealth Management boosted its stake in shares of American Water Works by 3.8% in the fourth quarter. Aries Wealth Management now owns 2,054 shares of the utilities provider’s stock worth $313,000 after acquiring an additional 75 shares during the last quarter. 83.06% of the stock is owned by institutional investors and hedge funds.
Insider Activity at American Water Works
In other news, Director Michael Marberry acquired 1,400 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average price of $142.35 per share, for a total transaction of $199,290.00. Following the acquisition, the director now owns 3,673 shares of the company’s stock, valued at $522,851.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.
Analyst Upgrades and Downgrades
American Water Works Price Performance
NYSE:AWK opened at $143.17 on Thursday. American Water Works Company, Inc. has a 52 week low of $122.77 and a 52 week high of $162.59. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $27.87 billion, a P/E ratio of 31.47, a P/E/G ratio of 3.66 and a beta of 0.57. The stock’s fifty day moving average is $146.60 and its two-hundred day moving average is $148.96.
American Water Works (NYSE:AWK – Get Rating) last posted its earnings results on Thursday, April 27th. The utilities provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). American Water Works had a net margin of 21.40% and a return on equity of 10.22%. The business had revenue of $938.00 million during the quarter, compared to analysts’ expectations of $903.84 million. During the same quarter in the prior year, the firm earned $0.87 EPS. American Water Works’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts expect that American Water Works Company, Inc. will post 4.77 EPS for the current year.
American Water Works Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Tuesday, May 9th will be issued a $0.7075 dividend. This represents a $2.83 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, May 8th. This is an increase from American Water Works’s previous quarterly dividend of $0.66. American Water Works’s payout ratio is currently 62.20%.
About American Water Works
American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.
Read More
- Get a free copy of the StockNews.com research report on American Water Works (AWK)
- Toll Brothers Rises On Results, But The Roof Is In Place
- It’s Time To Try On VF Corporation’s 6% Yield
- PetCo Management Getting it Right? Earnings Beat Says Yes
- Axcelis Stock In Buy Range After Chart Breakout, Strong Guidance
- Kohl’s 10% Yield Comes Into High Fashion
Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK – Get Rating).
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.
