Alpha Paradigm Partners LLC Has $336,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Alpha Paradigm Partners LLC raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,183 shares of the utilities provider’s stock after acquiring an additional 233 shares during the quarter. Alpha Paradigm Partners LLC’s holdings in American Water Works were worth $336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlas Private Wealth Advisors acquired a new stake in American Water Works in the second quarter valued at approximately $29,000. Selective Wealth Management Inc. acquired a new stake in American Water Works in the second quarter valued at approximately $31,000. CSat Investment Advisory L.P. lifted its stake in American Water Works by 59.2% in the first quarter. CSat Investment Advisory L.P. now owns 234 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 87 shares during the last quarter. Tradition Wealth Management LLC acquired a new stake in shares of American Water Works in the first quarter worth $35,000. Finally, Samalin Investment Counsel LLC acquired a new stake in shares of American Water Works in the second quarter worth $35,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Shares of NYSE AWK opened at $169.40 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.89 and a current ratio of 0.92. American Water Works Company, Inc. has a 52 week low of $131.01 and a 52 week high of $189.35. The stock has a market capitalization of $30.75 billion, a P/E ratio of 41.02, a PEG ratio of 5.40 and a beta of 0.23. The stock’s fifty day moving average is $178.47 and its 200 day moving average is $165.24.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Sunday, August 1st. The utilities provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. American Water Works had a return on equity of 11.42% and a net margin of 19.26%. The company had revenue of $999.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned $0.97 earnings per share. American Water Works’s revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that American Water Works Company, Inc. will post 4.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Tuesday, August 10th were given a $0.603 dividend. This represents a $2.41 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Monday, August 9th. This is a boost from American Water Works’s previous quarterly dividend of $0.60. American Water Works’s payout ratio is currently 61.79%.

AWK has been the topic of several analyst reports. US Capital Advisors lowered shares of American Water Works from an “overweight” rating to a “hold” rating in a report on Friday, August 13th. HSBC downgraded shares of American Water Works from a “buy” rating to a “hold” rating and upped their price target for the stock from $181.00 to $190.00 in a research report on Wednesday, September 1st. They noted that the move was a valuation call. Bank of America downgraded shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $178.00 target price on the stock. in a research report on Monday, September 27th. Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating and upped their target price for the company from $159.00 to $181.00 in a research report on Wednesday, August 4th. Finally, Argus raised American Water Works from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Friday, August 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $181.43.

American Water Works Profile

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 provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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