Robeco Schweiz AG decreased its holdings in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 17.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,823 shares of the utilities provider’s stock after selling 65,359 shares during the period. Robeco Schweiz AG owned 0.15% of American Water Works worth $41,569,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its position in shares of American Water Works by 2.2% during the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 229 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of American Water Works by 15.2% in the first quarter. Nisa Investment Advisors LLC now owns 15,889 shares of the utilities provider’s stock valued at $2,344,000 after acquiring an additional 2,100 shares during the period. Allworth Financial LP raised its stake in shares of American Water Works by 16.9% in the first quarter. Allworth Financial LP now owns 3,724 shares of the utilities provider’s stock valued at $544,000 after acquiring an additional 539 shares during the period. Xponance Inc. boosted its stake in shares of American Water Works by 2.1% during the 1st quarter. Xponance Inc. now owns 27,452 shares of the utilities provider’s stock worth $4,050,000 after purchasing an additional 556 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in American Water Works by 10.7% during the 1st quarter. New York State Common Retirement Fund now owns 331,453 shares of the utilities provider’s stock valued at $48,896,000 after purchasing an additional 31,932 shares during the last quarter. 86.58% of the stock is owned by institutional investors.
American Water Works Stock Performance
Shares of American Water Works stock opened at $128.75 on Tuesday. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The stock’s fifty day moving average price is $137.54 and its 200-day moving average price is $140.73. The firm has a market cap of $25.12 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.84 and a beta of 0.72. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.
American Water Works Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 13th. American Water Works’s payout ratio is presently 58.17%.
Analyst Upgrades and Downgrades
AWK has been the subject of several analyst reports. Mizuho set a $145.00 price objective on shares of American Water Works in a research note on Tuesday, October 28th. Jefferies Financial Group raised American Water Works from an “underperform” rating to a “hold” rating and raised their price target for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. Argus boosted their price objective on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Barclays increased their target price on American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 21st. Finally, UBS Group lowered their target price on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $143.00.
Check Out Our Latest Stock Report on AWK
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.
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