American Water Works Company, Inc. (NYSE:AWK) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,647 shares of the utilities provider's stock after purchasing an additional 5,885 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in American Water Works were worth $7,425,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Investment Management Corp of Ontario grew its position in American Water Works by 74.8% during the 4th quarter. Investment Management Corp of Ontario now owns 11,301 shares of the utilities provider's stock worth $1,407,000 after purchasing an additional 4,835 shares during the last quarter. Janus Henderson Group PLC grew its position in American Water Works by 617.8% during the 4th quarter. Janus Henderson Group PLC now owns 164,420 shares of the utilities provider's stock worth $20,470,000 after purchasing an additional 141,513 shares during the last quarter. KKM Financial LLC grew its position in American Water Works by 7.2% during the 4th quarter. KKM Financial LLC now owns 14,707 shares of the utilities provider's stock worth $1,831,000 after purchasing an additional 987 shares during the last quarter. Humankind Investments LLC boosted its holdings in shares of American Water Works by 11.1% in the 4th quarter. Humankind Investments LLC now owns 4,376 shares of the utilities provider's stock valued at $545,000 after acquiring an additional 436 shares during the last quarter. Finally, Geller Advisors LLC increased its stake in shares of American Water Works by 9.7% in the fourth quarter. Geller Advisors LLC now owns 2,387 shares of the utilities provider's stock worth $297,000 after acquiring an additional 211 shares during the period. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Stock Performance

NYSE AWK traded up $1.77 during mid-day trading on Friday, reaching $143.62. 740,281 shares of the stock were exchanged, compared to its average volume of 1,218,192. The business's 50 day moving average is $144.24 and its 200-day moving average is $135.23. 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 market capitalization of $28.01 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.80 and a beta of 0.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the company posted $0.95 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.8275 per share. The ex-dividend date is Tuesday, May 13th. This is an increase 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 2.30%. American Water Works's dividend payout ratio is 60.29%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AWK shares. JPMorgan Chase & Co. cut their price objective on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Barclays assumed coverage on American Water Works in a research note on Tuesday, April 22nd. They set an "underweight" rating and a $138.00 price objective for the company. Wall Street Zen cut American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Evercore ISI raised their target price 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. Finally, UBS Group cut American Water Works from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of "Hold" and an average target price of $143.22.

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.