Victory Capital Management Inc. increased its position in shares of American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 93,714 shares of the utilities provider's stock after buying an additional 13,298 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of American Water Works worth $14,439,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of American Water Works during the 4th quarter valued at approximately $25,000. First PREMIER Bank purchased a new stake in American Water Works in the first quarter valued at approximately $25,000. Industrial Alliance Investment Management Inc. purchased a new stake in American Water Works in the fourth quarter valued at approximately $31,000. Quent Capital LLC purchased a new stake in American Water Works in the fourth quarter valued at approximately $32,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in American Water Works in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.77% of the company's stock.
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Insider Buying and Selling
In other American Water Works news, EVP Melanie M. Kennedy sold 693 shares of the company's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $152.10, for a total transaction of $105,405.30. Following the transaction, the executive vice president now directly owns 11,361 shares in the company, valued at $1,728,008.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other American Water Works news, EVP Melanie M. Kennedy sold 693 shares of the company's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $152.10, for a total transaction of $105,405.30. Following the transaction, the executive vice president now directly owns 11,361 shares in the company, valued at $1,728,008.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Melanie M. Kennedy sold 1,029 shares of the company's stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $145.52, for a total transaction of $149,740.08. Following the transaction, the executive vice president now owns 12,054 shares in the company, valued at $1,754,098.08. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Barclays cut their target price on American Water Works from $172.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, July 18th. Janney Montgomery Scott raised American Water Works from a "neutral" rating to a "buy" rating in a research report on Friday, June 24th. UBS Group boosted their price target on shares of American Water Works from $149.00 to $159.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 2nd. Northcoast Research began coverage on shares of American Water Works in a research note on Monday, July 18th. They issued a "neutral" rating for the company. Finally, Wells Fargo & Company boosted their price target on shares of American Water Works from $139.00 to $152.00 and gave the stock an "underweight" rating in a research note on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, American Water Works presently has an average rating of "Hold" and an average target price of $168.00.
American Water Works Price Performance
Shares of NYSE:AWK opened at $155.64 on Friday. The company has a 50-day simple moving average of $148.36 and a 200-day simple moving average of $153.19. American Water Works Company, Inc. has a one year low of $129.45 and a one year high of $189.65. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.54 and a current ratio of 0.59. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 4.42 and a beta of 0.43.
American Water Works (NYSE:AWK – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. The firm had revenue of $937.00 million during the quarter, compared to analysts' expectations of $979.52 million. American Water Works had a net margin of 33.99% and a return on equity of 11.06%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. On average, analysts predict that American Water Works Company, Inc. will post 4.45 EPS for the current year.
American Water Works Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 9th will be issued a dividend of $0.655 per share. The ex-dividend date is Monday, August 8th. This represents a $2.62 annualized dividend and a yield of 1.68%. American Water Works's dividend payout ratio is currently 36.64%.
American Water Works Profile
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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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