PNC Financial Services Group Inc. cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 975,096 shares of the utilities provider’s stock after selling 11,579 shares during the quarter. PNC Financial Services Group Inc. owned 0.50% of American Water Works worth $120,746,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in AWK. Oliver Lagore Vanvalin Investment Group lifted its position in shares of American Water Works by 9.8% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 4,999 shares of the utilities provider’s stock worth $619,000 after purchasing an additional 446 shares during the period. Rational Advisors LLC lifted its position in shares of American Water Works by 592.3% in the 3rd quarter. Rational Advisors LLC now owns 360 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 308 shares during the period. First National Advisers LLC lifted its position in shares of American Water Works by 65.4% in the 3rd quarter. First National Advisers LLC now owns 6,768 shares of the utilities provider’s stock worth $838,000 after purchasing an additional 2,677 shares during the period. Rhumbline Advisers lifted its position in shares of American Water Works by 3.9% in the 3rd quarter. Rhumbline Advisers now owns 451,818 shares of the utilities provider’s stock worth $55,949,000 after purchasing an additional 16,917 shares during the period. Finally, 1ST Source Bank lifted its position in shares of American Water Works by 0.7% in the 3rd quarter. 1ST Source Bank now owns 21,824 shares of the utilities provider’s stock worth $2,702,000 after purchasing an additional 150 shares during the period. 84.99% of the stock is owned by institutional investors.
American Water Works Stock Up 2.6 %
AWK traded up $3.09 during trading on Thursday, hitting $123.57. 375,653 shares of the company’s stock were exchanged, compared to its average volume of 1,121,261. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $128.64 and its two-hundred day moving average is $130.10. American Water Works Company, Inc. has a fifty-two week low of $114.25 and a fifty-two week high of $153.43. The stock has a market cap of $24.06 billion, a P/E ratio of 24.99, a PEG ratio of 3.08 and a beta of 0.65.
American Water Works (NYSE:AWK – Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. American Water Works had a net margin of 22.26% and a return on equity of 9.99%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. As a group, equities analysts expect that American Water Works Company, Inc. will post 4.84 earnings per share for the current fiscal year.
American Water Works Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.7075 per share. The ex-dividend date is Wednesday, February 7th. This represents a $2.83 annualized dividend and a yield of 2.29%. American Water Works’s payout ratio is 58.71%.
Wall Street Analyst Weigh In
Separately, Mizuho boosted their target price on shares of American Water Works from $134.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th.
Get Our Latest Stock Report on American Water Works
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 1,600 communities in 14 states serving approximately 3.4 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.
See Also
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