American Water Works Company, Inc. (NYSE:AWK) Shares Bought by NFJ Investment Group LLC

NFJ Investment Group LLC boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,082 shares of the utilities provider’s stock after purchasing an additional 505 shares during the quarter. NFJ Investment Group LLC’s holdings in American Water Works were worth $30,068,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Edmond DE Rothschild Holding S.A. increased its holdings in American Water Works by 32.9% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 34,948 shares of the utilities provider’s stock worth $5,386,000 after purchasing an additional 8,649 shares during the period. Bank of The West grew its holdings in American Water Works by 14.9% during the 2nd quarter. Bank of The West now owns 21,502 shares of the utilities provider’s stock worth $3,314,000 after acquiring an additional 2,783 shares in the last quarter. Vantage Consulting Group Inc grew its holdings in American Water Works by 23.9% during the 2nd quarter. Vantage Consulting Group Inc now owns 2,123 shares of the utilities provider’s stock worth $327,000 after acquiring an additional 410 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in American Water Works by 15.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 39,808 shares of the utilities provider’s stock worth $6,136,000 after buying an additional 5,234 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in American Water Works by 8.9% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 73,984 shares of the utilities provider’s stock worth $11,403,000 after buying an additional 6,020 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Shares of NYSE:AWK traded down $0.06 during trading on Wednesday, reaching $178.40. The company had a trading volume of 14,621 shares, compared to its average volume of 866,700. The firm has a market capitalization of $32.38 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 5.40 and a beta of 0.23. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.92 and a quick ratio of 0.89. The stock’s fifty day moving average price is $177.50 and its 200 day moving average price is $161.86. American Water Works Company, Inc. has a fifty-two week low of $131.01 and a fifty-two week high of $189.35.

American Water Works (NYSE:AWK) last issued its earnings results on Sunday, August 1st. The utilities provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.06. The business had revenue of $999.00 million for the quarter, compared to the consensus estimate of $1.01 billion. American Water Works had a net margin of 19.26% and a return on equity of 11.42%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. On average, equities analysts anticipate that American Water Works Company, Inc. will post 4.24 EPS for the current fiscal 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 dividend of $0.603 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 9th. This represents a $2.41 annualized dividend and a yield of 1.35%. American Water Works’s payout ratio is presently 61.79%.

A number of analysts have issued reports on the company. US Capital Advisors downgraded American Water Works from an “overweight” rating to a “hold” rating in a report on Friday, August 13th. HSBC cut shares of American Water Works from a “buy” rating to a “hold” rating and raised their price objective for the stock from $181.00 to $190.00 in a report on Wednesday, September 1st. They noted that the move was a valuation call. Argus raised American Water Works from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Friday, August 6th. Janney Montgomery Scott lowered American Water Works from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $159.00 to $181.00 in a report on Wednesday, August 4th. Finally, Barclays raised their price objective on American Water Works from $170.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, July 15th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $182.00.

About American Water Works

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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