American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 294.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,629 shares of the utilities provider's stock after purchasing an additional 6,439 shares during the period. Siemens Fonds Invest GmbH's holdings in American Water Works were worth $1,074,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AWK. Norges Bank purchased a new stake in shares of American Water Works during the 4th quarter worth $294,524,000. Victory Capital Management Inc. lifted its position in shares of American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the last quarter. Bank of America Corp DE lifted its position in shares of American Water Works by 38.4% during the 4th quarter. Bank of America Corp DE now owns 2,695,734 shares of the utilities provider's stock worth $335,592,000 after purchasing an additional 747,316 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of American Water Works during the 4th quarter worth $71,120,000. Finally, Amundi lifted its position in shares of American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock worth $553,687,000 after purchasing an additional 477,411 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

NYSE AWK traded up $1.14 during trading on Friday, reaching $142.68. The company's stock had a trading volume of 3,771,555 shares, compared to its average volume of 1,230,239. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The firm has a market cap of $27.82 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 2.80 and a beta of 0.73. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The business's fifty day moving average price is $144.40 and its 200-day moving average price is $135.52.

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 analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. As a group, analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS 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. Shareholders of record on Tuesday, May 13th will be paid a $0.8275 dividend. The ex-dividend date is Tuesday, May 13th. This is a positive change 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 2.32%. American Water Works's payout ratio is currently 60.29%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AWK. UBS Group cut shares of American Water Works from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Evercore ISI boosted their price target on shares of American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Barclays began coverage on shares of American Water Works in a research report on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price target for the company. Finally, Wall Street Zen cut shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Four investment 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 data from MarketBeat, American Water Works presently has a consensus rating of "Hold" and an average target price of $143.22.

American Water Works 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.