56,875 Shares of American Water Works Company, Inc. $AWK Purchased by Calamos Advisors LLC

Key Points

• Calamos Advisors opened a position in American Water Works, buying 56,875 shares worth approximately $7.36 million in the third quarter. Institutional investors and hedge funds collectively own 86.58% of the company.
• American Water Works’ latest quarterly results missed estimates: EPS was $2.00 versus a $2.04 consensus, and revenue was $1.51 billion versus expectations of $1.58 billion. Revenue nevertheless grew 4.1% year over year.
• The company declared a quarterly dividend of $0.895 per share, equivalent to $3.58 annually and a 2.4% yield. Analysts’ consensus rating was Hold, with an average price target of $141.14.

Calamos Advisors LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 56,875 shares of the utilities provider's stock, valued at approximately $7,364,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of American Water Works during the second quarter worth approximately $2,712,173,000. Wellington Management Group LLP lifted its stake in American Water Works by 35.2% in the second quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider's stock worth $1,962,116,000 after acquiring an additional 3,883,057 shares during the last quarter. GQG Partners LLC purchased a new position in American Water Works in the second quarter worth approximately $1,171,477,000. Amundi lifted its stake in American Water Works by 4.3% in the first quarter. Amundi now owns 4,351,056 shares of the utilities provider's stock worth $592,081,000 after acquiring an additional 179,127 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in American Water Works during the 2nd quarter worth approximately $443,787,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Up 0.1%

AWK opened at $150.42 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.39. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $153.69. The company has a market cap of $29.95 billion, a P/E ratio of 26.07, a PEG ratio of 3.06 and a beta of 0.56. The business's 50-day simple moving average is $136.74 and its 200-day simple moving average is $132.87.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.04). The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.58 billion. American Water Works had a return on equity of 10.14% and a net margin of 21.26%. American Water Works's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. As a group, equities research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.8950 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.4%. American Water Works's dividend payout ratio (DPR) is presently 62.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AWK shares. Wall Street Zen raised shares of American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of American Water Works from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, November 2nd. Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. Truist Financial set a $139.00 target price on shares of American Water Works in a research note on Tuesday, August 4th. Finally, UBS Group lowered American Water Works from a "buy" rating to a "neutral" rating and increased their target price for the company from $153.00 to $162.00 in a report on Friday. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of "Hold" and a consensus target price of $141.14.

About American Water Works

American Water Works Company, Inc is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services.

The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South.

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