Quantbot Technologies LP Acquires 16,108 Shares of American Water Works Company, Inc. (NYSE:AWK)

Quantbot Technologies LP boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2,418.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 16,774 shares of the utilities provider’s stock after purchasing an additional 16,108 shares during the quarter. Quantbot Technologies LP’s holdings in American Water Works were worth $2,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AWK. MV Capital Management Inc. increased its position in American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after buying an additional 103 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of American Water Works in the fourth quarter worth $26,000. ORG Partners LLC boosted its position in shares of American Water Works by 79.2% during the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 103 shares during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in American Water Works by 100.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 127 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Up 2.1 %

Shares of American Water Works stock traded up $2.84 during trading on Friday, hitting $139.06. The stock had a trading volume of 1,206,904 shares, compared to its average volume of 1,346,302. The stock has a market cap of $27.09 billion, a PE ratio of 27.63, a PEG ratio of 3.15 and a beta of 0.67. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.22. The firm’s fifty day simple moving average is $130.50 and its 200-day simple moving average is $125.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79.

American Water Works (NYSE:AWK) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $962.30 million. During the same quarter last year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were issued a dividend of $0.765 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date was Monday, May 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.20%. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group boosted their target price on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $141.80.

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.