Kingswood Wealth Advisors LLC Makes New $476,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

Kingswood Wealth Advisors LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,688 shares of the utilities provider’s stock, valued at approximately $476,000.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after buying an additional 624,977 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of American Water Works by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,143,437 shares of the utilities provider’s stock worth $261,949,000 after acquiring an additional 25,887 shares during the period. Norges Bank bought a new stake in American Water Works in the 4th quarter valued at $275,476,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in American Water Works by 945.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock worth $238,397,000 after purchasing an additional 1,633,389 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of American Water Works by 7.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,320,042 shares of the utilities provider’s stock valued at $174,232,000 after purchasing an additional 86,234 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 0.1 %

NYSE AWK traded up $0.19 during trading hours on Wednesday, hitting $143.79. 797,349 shares of the company traded hands, compared to its average volume of 1,294,266. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 0.64. The business’s 50-day moving average is $134.03 and its 200-day moving average is $126.72. The stock has a market capitalization of $28.01 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 3.44 and a beta of 0.67. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $149.00.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. Sell-side analysts anticipate that American Water Works Company, Inc. will post 5.25 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th will be paid a dividend of $0.765 per share. The ex-dividend date is Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.13%. American Water Works’s dividend payout ratio is presently 62.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AWK. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. UBS Group upped their price target on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.17.

American Water Works 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.