9,022 Shares in American Water Works Company, Inc. (NYSE:AWK) Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co bought a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,022 shares of the utilities provider's stock, valued at approximately $1,123,000.

Other institutional investors have also recently modified their holdings of the company. Crews Bank & Trust purchased a new stake in shares of American Water Works in the fourth quarter worth $26,000. Providence First Trust Co purchased a new stake in shares of American Water Works in the fourth quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in shares of American Water Works in the fourth quarter worth $28,000. Capital A Wealth Management LLC purchased a new stake in shares of American Water Works in the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

AWK stock traded up $0.56 during trading on Thursday, reaching $141.43. The stock had a trading volume of 1,097,039 shares, compared to its average volume of 1,218,700. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock's 50 day moving average is $144.33 and its two-hundred day moving average is $135.45. The firm has a market cap of $27.58 billion, a PE ratio of 26.24, a PEG ratio of 2.80 and a beta of 0.73. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 EPS 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business earned $0.95 EPS. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

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

Analyst Ratings Changes

AWK has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Barclays initiated coverage on American Water Works in a report on Tuesday, April 22nd. They set an "underweight" rating and a $138.00 price target on the stock. Wall Street Zen downgraded American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Evercore ISI upped their price target on American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, UBS Group downgraded American Water Works from a "strong-buy" rating to a "hold" rating in a 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $143.22.

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.