Jupiter Asset Management Ltd. Has $38.43 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Key Points

• Jupiter Asset Management Ltd. reduced its stake in American Water Works Company by 2.8%, now owning 260,477 shares valued at approximately $38.43 million.
• Several institutional investors have increased their holdings in American Water Works, with a cumulative 86.58% of the stock owned by institutions and hedge funds.
• American Water Works recently announced a quarterly dividend of $0.8275 per share, marking a dividend yield of 2.3% and is set for payment on September 3rd.

Jupiter Asset Management Ltd. reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,477 shares of the utilities provider's stock after selling 7,641 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.13% of American Water Works worth $38,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of American Water Works in the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC purchased a new position in American Water Works in the fourth quarter valued at $33,000. Banque Transatlantique SA purchased a new stake in American Water Works in the fourth quarter valued at $46,000. Wayfinding Financial LLC purchased a new position in American Water Works during the first quarter worth about $48,000. Finally, Colonial Trust Co SC increased its stake in shares of American Water Works by 78.3% during the 4th quarter. Colonial Trust Co SC now owns 410 shares of the utilities provider's stock worth $51,000 after purchasing an additional 180 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Up 0.8%

American Water Works stock traded up $1.20 during midday trading on Monday, hitting $146.92. 1,297,780 shares of the stock were exchanged, compared to its average volume of 1,240,622. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $28.66 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 3.45 and a beta of 0.65. The stock's 50-day simple moving average is $141.24 and its 200 day simple moving average is $139.32. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the business earned $1.42 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 12th. American Water Works's payout ratio is 59.64%.

Analyst Upgrades and Downgrades

AWK has been the subject of several recent analyst reports. UBS Group restated a "neutral" rating and set a $156.00 target price (up from $154.00) on shares of American Water Works in a research note on Friday, July 11th. Wall Street Zen lowered American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Barclays cut their price target on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company decreased their price target on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, Mizuho boosted their price target on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, American Water Works presently has an average rating of "Hold" and a consensus target price of $142.00.

Insider Buying and Selling at American Water Works

In related news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $143.28, for a total value of $404,766.00. Following the sale, the chief accounting officer directly owned 7,572 shares in the company, valued at $1,084,916.16. The trade was a 27.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.11% 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.