American Water Works Company, Inc. (NYSE:AWK) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,960 shares of the utilities provider’s stock after acquiring an additional 4,092 shares during the quarter. IFM Investors Pty Ltd’s holdings in American Water Works were worth $12,278,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC grew its stake in American Water Works by 2.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 79 shares in the last quarter. Asset Dedication LLC increased its stake in American Water Works by 1.6% in the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after buying an additional 85 shares during the period. Moody National Bank Trust Division lifted its position in American Water Works by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after buying an additional 88 shares in the last quarter. Signaturefd LLC boosted its stake in shares of American Water Works by 2.0% during the 3rd quarter. Signaturefd LLC now owns 4,649 shares of the utilities provider’s stock valued at $680,000 after buying an additional 90 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of American Water Works by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock valued at $2,581,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE:AWK opened at $139.80 on Friday. The firm has a market capitalization of $27.24 billion, a PE ratio of 28.36, a PEG ratio of 3.28 and a beta of 0.69. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The firm’s fifty day simple moving average is $143.23 and its 200 day simple moving average is $135.45.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.27 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were given a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.19%. American Water Works’s dividend payout ratio is 62.07%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America reissued an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $140.00.

Insider Transactions at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by corporate insiders.

About American Water Works

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.