PGGM Investments Has $13.98 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

PGGM Investments reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,215 shares of the utilities provider’s stock after selling 2,534 shares during the quarter. PGGM Investments owned 0.06% of American Water Works worth $13,977,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. MV Capital Management Inc. grew its position in American Water Works by 110.8% during the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after buying an additional 103 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of American Water Works during the 4th quarter valued at about $26,000. ORG Partners LLC increased its stake in American Water Works by 79.2% in the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 103 shares during the period. Tortoise Investment Management LLC raised its position in American Water Works by 71.9% in the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its stake in American Water Works by 100.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 127 shares during the period. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

American Water Works Price Performance

American Water Works stock traded up $0.28 on Wednesday, reaching $141.67. The company’s stock had a trading volume of 562,393 shares, compared to its average volume of 1,280,718. The business’s fifty day moving average price is $135.63 and its 200 day moving average price is $127.48. 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 company has a market cap of $27.60 billion, a price-to-earnings ratio of 28.74, a PEG 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 analysts’ consensus estimates of $1.47 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. Equities analysts expect that American Water Works Company, Inc. will post 5.25 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be given a $0.765 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.16%. American Water Works’s dividend payout ratio is 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.