Free Trial

Heck Capital Advisors LLC Acquires New Shares in American Water Works Company, Inc. (NYSE:AWK)

American Water Works logo with Utilities background

Heck Capital Advisors LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,151 shares of the utilities provider's stock, valued at approximately $1,015,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of American Water Works by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider's stock valued at $3,125,598,000 after purchasing an additional 217,582 shares in the last quarter. Geode Capital Management LLC boosted its holdings in American Water Works by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider's stock worth $579,981,000 after buying an additional 106,857 shares during the last quarter. Amundi boosted its holdings in American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock worth $553,687,000 after buying an additional 477,411 shares during the last quarter. Northern Trust Corp boosted its holdings in American Water Works by 11.1% in the 4th quarter. Northern Trust Corp now owns 3,357,726 shares of the utilities provider's stock worth $418,003,000 after buying an additional 335,683 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in American Water Works by 120.7% in the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after buying an additional 1,736,258 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AWK shares. UBS Group cut American Water Works from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Evercore ISI lifted their price objective on American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Wells Fargo & Company lifted their price objective on American Water Works from $142.00 to $147.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Barclays started coverage on American Water Works in a report on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price objective on the stock. Finally, Wall Street Zen cut American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $143.22.

Get Our Latest Report on AWK

American Water Works Price Performance

Shares of American Water Works stock traded up $0.56 on Thursday, hitting $141.43. 1,097,039 shares of the company were exchanged, compared to its average volume of 1,217,780. The stock has a market capitalization of $27.58 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 2.80 and a beta of 0.73. The company has a 50-day moving average price of $144.29 and a 200 day moving average price of $135.40. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The company's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued a $0.8275 dividend. The ex-dividend date is Tuesday, May 13th. This is a boost from American Water Works's previous quarterly dividend of $0.77. This represents a $3.31 dividend on an annualized basis and a yield of 2.34%. American Water Works's dividend payout ratio is currently 60.29%.

American Water Works Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

Should You Invest $1,000 in American Water Works Right Now?

Before you consider American Water Works, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Water Works wasn't on the list.

While American Water Works currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines