Fisher Funds Management LTD Invests $13.72 Million in American Water Works Company, Inc. (NYSE:AWK)

Fisher Funds Management LTD bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 110,467 shares of the utilities provider’s stock, valued at approximately $13,724,000. Fisher Funds Management LTD owned 0.06% of American Water Works as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lake Street Advisors Group LLC boosted its holdings in shares of American Water Works by 4.2% during the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 75 shares during the period. IHT Wealth Management LLC boosted its stake in American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares during the period. Invesco LLC grew its holdings in American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after buying an additional 82 shares in the last quarter. Assetmark Inc. increased its position in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares during the period. Finally, Brookfield Corp ON increased its position in American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Trading Up 3.1 %

Shares of American Water Works stock opened at $132.63 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a market capitalization of $25.86 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.72 and a beta of 0.72. The firm’s 50-day moving average price is $124.93 and its two-hundred day moving average price is $134.70.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.31%. American Water Works’s dividend payout ratio (DPR) is currently 56.77%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AWK shares. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on shares of American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $140.57.

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.