DekaBank Deutsche Girozentrale Has $47.92 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

DekaBank Deutsche Girozentrale increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 370,282 shares of the utilities provider’s stock after acquiring an additional 32,976 shares during the period. DekaBank Deutsche Girozentrale’s holdings in American Water Works were worth $47,922,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in American Water Works by 12.1% in the 4th quarter. QRG Capital Management Inc. now owns 5,949 shares of the utilities provider’s stock valued at $785,000 after acquiring an additional 643 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in American Water Works by 2.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,114 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 118 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in American Water Works by 7.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 192,972 shares of the utilities provider’s stock worth $25,764,000 after purchasing an additional 13,797 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in American Water Works by 28.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 46,399 shares of the utilities provider’s stock worth $6,124,000 after buying an additional 10,205 shares during the period. Finally, Sound View Wealth Advisors Group LLC grew its position in shares of American Water Works by 6.5% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,797 shares of the utilities provider’s stock valued at $237,000 after buying an additional 109 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company downgraded 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 report on Wednesday, July 31st. Two equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $141.17.

American Water Works Price Performance

AWK stock opened at $148.14 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $141.76 and its 200 day simple moving average is $130.65. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $149.00. The firm has a market cap of $28.86 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 3.49 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). The business had revenue of $1.15 billion for 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%. During the same quarter in the previous year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that American Water Works Company, Inc. will post 5.27 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works’s dividend payout ratio is presently 62.07%.

Insiders Place Their Bets

In related news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction dated 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 directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.