Cetera Advisor Networks LLC Increases Position in American Water Works Company, Inc. (NYSE:AWK)

Cetera Advisor Networks LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWKGet Rating) by 4.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 19,679 shares of the utilities provider’s stock after buying an additional 859 shares during the period. Cetera Advisor Networks LLC’s holdings in American Water Works were worth $2,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in American Water Works by 2.0% during the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after purchasing an additional 434,737 shares during the last quarter. State Street Corp increased its position in shares of American Water Works by 7.2% in the first quarter. State Street Corp now owns 10,447,237 shares of the utilities provider’s stock worth $1,729,331,000 after acquiring an additional 702,408 shares in the last quarter. Pictet Asset Management SA increased its position in shares of American Water Works by 0.9% in the second quarter. Pictet Asset Management SA now owns 7,112,897 shares of the utilities provider’s stock worth $1,058,253,000 after acquiring an additional 64,820 shares in the last quarter. Deutsche Bank AG increased its position in shares of American Water Works by 2.1% in the second quarter. Deutsche Bank AG now owns 4,314,760 shares of the utilities provider’s stock worth $641,904,000 after acquiring an additional 88,733 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of American Water Works by 2.6% in the first quarter. Northern Trust Corp now owns 3,470,141 shares of the utilities provider’s stock worth $574,412,000 after acquiring an additional 87,934 shares in the last quarter. Hedge funds and other institutional investors own 83.50% of the company’s stock.

American Water Works Stock Performance

Shares of AWK opened at $151.26 on Friday. American Water Works Company, Inc. has a one year low of $122.77 and a one year high of $189.65. The company has a 50-day moving average of $138.92 and a two-hundred day moving average of $145.99. The stock has a market cap of $27.50 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 4.11 and a beta of 0.53. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.48 and a quick ratio of 0.43.

American Water Works (NYSE:AWKGet Rating) last announced its earnings results on Tuesday, November 1st. The utilities provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.51 by $0.12. American Water Works had a net margin of 34.58% and a return on equity of 10.99%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted $1.53 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts expect that American Water Works Company, Inc. will post 4.46 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 8th will be issued a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, November 7th. American Water Works’s dividend payout ratio is currently 36.14%.

Wall Street Analyst Weigh In

AWK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of American Water Works from an “underweight” rating to a “neutral” rating and raised their price target for the company from $162.00 to $165.00 in a report on Friday, September 9th. Wells Fargo & Company increased their price objective on shares of American Water Works from $140.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 2nd. StockNews.com began coverage on shares of American Water Works in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Guggenheim dropped their price objective on shares of American Water Works from $155.00 to $138.00 in a report on Monday, October 24th. Finally, HSBC dropped their price objective on shares of American Water Works to $158.00 in a report on Tuesday, November 15th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $153.00.

About American Water Works

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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 3.4 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.

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

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