Mason Street Advisors LLC boosted its stake in shares of American Water Works Company Inc (NYSE:AWK) by 1.3% in the 1st quarter, HoldingsChannel reports. The fund owned 25,787 shares of the utilities provider’s stock after purchasing an additional 325 shares during the quarter. Mason Street Advisors LLC’s holdings in American Water Works were worth $2,689,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc raised its stake in American Water Works by 2.3% during the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after acquiring an additional 436,131 shares in the last quarter. BlackRock Inc. raised its stake in American Water Works by 2.2% during the fourth quarter. BlackRock Inc. now owns 14,335,088 shares of the utilities provider’s stock worth $1,301,195,000 after acquiring an additional 311,893 shares in the last quarter. Bank of America Corp DE raised its stake in American Water Works by 0.9% during the fourth quarter. Bank of America Corp DE now owns 3,528,169 shares of the utilities provider’s stock worth $320,252,000 after acquiring an additional 32,537 shares in the last quarter. Norges Bank acquired a new position in American Water Works during the fourth quarter worth $218,024,000. Finally, Geode Capital Management LLC raised its stake in American Water Works by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 2,362,440 shares of the utilities provider’s stock worth $214,070,000 after acquiring an additional 161,731 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research note on Thursday, May 16th. Wells Fargo & Co lowered American Water Works from an “outperform” rating to a “market perform” rating and set a $111.00 target price for the company. in a research note on Tuesday, March 26th. They noted that the move was a valuation call. Janney Montgomery Scott restated a “buy” rating and issued a $121.00 target price (up from $102.00) on shares of American Water Works in a research note on Thursday, May 2nd. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Finally, Bank of America raised their target price on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $109.67.
Shares of NYSE:AWK opened at $111.42 on Wednesday. American Water Works Company Inc has a twelve month low of $77.73 and a twelve month high of $112.60. The firm has a market capitalization of $20.23 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 3.85 and a beta of 0.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.32 and a quick ratio of 0.30.
American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). American Water Works had a net margin of 16.44% and a return on equity of 10.25%. The business had revenue of $813.00 million during the quarter, compared to analyst estimates of $792.73 million. During the same quarter last year, the business posted $0.59 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts anticipate that American Water Works Company Inc will post 3.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 10th. This is a positive change from American Water Works’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.80%. American Water Works’s dividend payout ratio (DPR) is 60.61%.
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American Water Works Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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