American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by DNB Asset Management AS

DNB Asset Management AS raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 4.8% in the second quarter, Holdings Channel.com reports. The fund owned 43,408 shares of the utilities provider’s stock after acquiring an additional 1,984 shares during the period. DNB Asset Management AS’s holdings in American Water Works were worth $5,607,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its stake in American Water Works by 91.4% in the 4th quarter. DAVENPORT & Co LLC now owns 9,620 shares of the utilities provider’s stock worth $1,275,000 after purchasing an additional 4,593 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of American Water Works by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 117,722 shares of the utilities provider’s stock worth $15,650,000 after buying an additional 3,067 shares during the period. Allworth Financial LP grew its holdings in shares of American Water Works by 31.5% during the fourth quarter. Allworth Financial LP now owns 1,956 shares of the utilities provider’s stock valued at $258,000 after buying an additional 469 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in American Water Works by 11.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,431 shares of the utilities provider’s stock valued at $2,433,000 after buying an additional 1,875 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in American Water Works by 11.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 505,177 shares of the utilities provider’s stock worth $66,745,000 after acquiring an additional 50,793 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the topic of a number of research reports. UBS Group upped their target price on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average target price of $141.17.

American Water Works Trading Up 0.6 %

AWK stock opened at $143.60 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $149.00. The company has a market cap of $27.98 billion, a P/E ratio of 29.13, a PEG ratio of 3.44 and a beta of 0.67. The business has a fifty day moving average of $134.03 and a 200-day moving average of $126.72.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. American Water Works’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. As a group, equities research analysts expect that American Water Works Company, Inc. will post 5.25 EPS for the current year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, August 13th. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

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.