Ethic Inc. Purchases 50,488 Shares of American Water Works Company, Inc. $AWK

Ethic Inc. lifted its position in American Water Works Company, Inc. (NYSE:AWK) by 44.0% in the third quarter, HoldingsChannel.com reports. The firm owned 165,303 shares of the utilities provider’s stock after purchasing an additional 50,488 shares during the quarter. Ethic Inc.’s holdings in American Water Works were worth $22,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ascentis Independent Advisors purchased a new position in shares of American Water Works during the 1st quarter valued at $27,000. Harborfront Financial Group LLC bought a new position in American Water Works in the 2nd quarter worth $29,000. Farmers & Merchants Investments Inc. boosted its holdings in American Water Works by 73.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 232 shares of the utilities provider’s stock worth $30,000 after buying an additional 98 shares during the period. Financial Management Professionals Inc. purchased a new stake in American Water Works in the 3rd quarter worth $31,000. Finally, Global Assets Advisory LLC purchased a new stake in American Water Works in the 1st quarter worth $33,000. 86.58% of the stock is currently owned by institutional investors.

American Water Works Price Performance

NYSE:AWK opened at $150.42 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $29.95 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.06 and a beta of 0.56. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $153.69. The business’s 50-day moving average is $136.74 and its 200 day moving average is $132.87.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.04). The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.58 billion. American Water Works had a net margin of 21.26% and a return on equity of 10.14%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. On average, equities research analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.8950 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 12th. American Water Works’s dividend payout ratio is 62.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Huntington cut American Water Works from an “outperform” rating to a “market perform” rating in a report on Thursday. Truist Financial set a $139.00 price objective on American Water Works in a research note on Tuesday, August 4th. Barclays cut their target price on American Water Works from $130.00 to $127.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Mizuho set a $149.00 target price on American Water Works in a research note on Friday, October 30th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $141.14.

American Water Works Profile

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.