American Water Works Company, Inc. $AWK Holdings Increased by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 68.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,579 shares of the utilities provider’s stock after acquiring an additional 19,810 shares during the period. New York Life Investment Management LLC’s holdings in American Water Works were worth $6,290,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AWK. Versant Capital Management Inc increased its stake in American Water Works by 6.6% during the second quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 74 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of American Water Works by 21.1% in the 3rd quarter. CoreCap Advisors LLC now owns 453 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 79 shares during the last quarter. Independence Bank of Kentucky lifted its stake in shares of American Water Works by 6.9% in the 3rd quarter. Independence Bank of Kentucky now owns 1,233 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 80 shares during the last quarter. REAP Financial Group LLC boosted its holdings in shares of American Water Works by 20.3% in the 3rd quarter. REAP Financial Group LLC now owns 480 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 81 shares during the period. Finally, Eastern Bank boosted its holdings in shares of American Water Works by 2.9% in the 3rd quarter. Eastern Bank now owns 2,945 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 82 shares during the period. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the topic of several analyst reports. Huntington downgraded American Water Works from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 5th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Mizuho set a $149.00 price target on American Water Works in a research report on Friday, October 30th. Bank of America restated a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Finally, Argus lifted their price objective on shares of American Water Works from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $144.12.

American Water Works Stock Down 1.4%

Shares of AWK opened at $147.62 on Friday. The firm has a market capitalization of $29.39 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.05 and a beta of 0.56. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $153.69. The firm has a fifty day moving average price of $137.61 and a 200-day moving average price of $133.23.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.04). American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business posted $1.94 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Thursday, November 12th will be given a dividend of $0.8950 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.4%. American Water Works’s dividend payout ratio (DPR) is 62.05%.

Top American Water Works Stories

Here are a few of the latest stories about AWK:

• Positive Sentiment: Potential customer-base expansion: Stone County voters approved selling a local public water system to Missouri American Water, a subsidiary of AWK. The announcement did not provide transaction terms or timing. Stone County water-system sale
• Neutral Sentiment: Infrastructure investment: West Virginia American Water announced $580,000 in water-system upgrades in Oak Hill. The project supports system improvements, though its scale is modest relative to AWK. Oak Hill infrastructure upgrades
• Negative Sentiment: Valuation concern: A Yahoo Finance article argued AWK could be about 31% overvalued despite merger approval, which could weigh on investor sentiment if the market agrees with its valuation assessment. AWK valuation article

About American Water Works

American Water Works Company, Inc. is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services. The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.