American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,396 shares of the utilities provider's stock after purchasing an additional 4,091 shares during the period. Tidal Investments LLC's holdings in American Water Works were worth $3,535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AWK. Norges Bank bought a new position in shares of American Water Works in the fourth quarter worth about $294,524,000. Victory Capital Management Inc. raised its stake in shares of American Water Works by 120.7% in the fourth 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 period. Bank of America Corp DE raised its stake in 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 valued at $335,592,000 after purchasing an additional 747,316 shares during the period. Raymond James Financial Inc. bought a new stake in American Water Works during the 4th quarter valued at approximately $71,120,000. Finally, Amundi raised its stake in American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock valued at $553,687,000 after purchasing an additional 477,411 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Trading Up 0.1%

Shares of AWK traded up $0.14 during midday trading on Tuesday, reaching $143.75. The company had a trading volume of 164,746 shares, compared to its average volume of 1,487,653. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The stock has a market cap of $28.03 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.80 and a beta of 0.73. The firm has a 50 day simple moving average of $144.27 and a 200-day simple moving average of $135.31. 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 quarterly earnings data 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). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Tuesday, May 13th. This is a boost from American Water Works's previous quarterly dividend of $0.77. American Water Works's dividend payout ratio (DPR) is presently 60.29%.

Analyst Ratings Changes

AWK has been the topic of several recent analyst reports. Evercore ISI lifted their target price on American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Wall Street Zen downgraded American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their target price on American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on 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. Finally, UBS Group downgraded American Water Works from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.