American Water Works Company, Inc. (NYSE:AWK) Stock Holdings Increased by Presima Securities ULC

Presima Securities ULC boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.8% in the 3rd quarter, Holdings Channel reports. The firm owned 5,645 shares of the utilities provider’s stock after buying an additional 100 shares during the period. Presima Securities ULC’s holdings in American Water Works were worth $826,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AWK. Vontobel Holding Ltd. increased its holdings in shares of American Water Works by 7.7% in the third quarter. Vontobel Holding Ltd. now owns 497,983 shares of the utilities provider’s stock valued at $72,825,000 after buying an additional 35,752 shares in the last quarter. Swedbank AB grew its holdings in shares of American Water Works by 65.5% in the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock worth $15,557,000 after acquiring an additional 42,094 shares during the last quarter. Creative Planning grew its holdings in shares of American Water Works by 1.6% in the 3rd quarter. Creative Planning now owns 35,523 shares of the utilities provider’s stock worth $5,195,000 after acquiring an additional 572 shares during the last quarter. Wesbanco Bank Inc. raised its position in shares of American Water Works by 13.3% during the third quarter. Wesbanco Bank Inc. now owns 68,562 shares of the utilities provider’s stock worth $10,027,000 after purchasing an additional 8,072 shares during the period. Finally, Fiduciary Alliance LLC lifted its holdings in shares of American Water Works by 22.3% during the third quarter. Fiduciary Alliance LLC now owns 23,233 shares of the utilities provider’s stock valued at $3,398,000 after purchasing an additional 4,241 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AWK. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Bank of America reiterated an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group assumed coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.00.

American Water Works Stock Performance

AWK stock opened at $142.58 on Thursday. The stock has a market cap of $27.78 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.28 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64. The firm has a 50 day simple moving average of $143.35 and a 200 day simple moving average of $134.69. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business earned $1.44 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts anticipate that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were paid a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.15%. American Water Works’s dividend payout ratio (DPR) is currently 62.07%.

Insiders Place Their Bets

In related news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

American Water Works Company Profile

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.