Fifth Third Bancorp reduced its holdings in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,123 shares of the utilities provider’s stock after selling 458 shares during the quarter. Fifth Third Bancorp’s holdings in American Water Works were worth $4,407,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. bought a new stake in American Water Works during the fourth quarter valued at approximately $26,000. ORG Partners LLC purchased a new position in American Water Works in the second quarter worth $30,000. Farmers & Merchants Investments Inc. increased its stake in American Water Works by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 127 shares during the last quarter. Tortoise Investment Management LLC raised its position in American Water Works by 71.9% during the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Quarry LP bought a new stake in American Water Works during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.
American Water Works Stock Down 0.4 %
Shares of American Water Works stock opened at $140.77 on Thursday. The company’s 50 day moving average price is $136.89 and its 200-day moving average price is $128.06. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $149.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 0.64. The stock has a market capitalization of $27.43 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 3.44 and a beta of 0.67.
American Water Works (NYSE:AWK – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.44 earnings per share. Equities research analysts forecast that American Water Works Company, Inc. will post 5.25 EPS for the current year.
American Water Works Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, August 13th. American Water Works’s payout ratio is 62.07%.
Analyst Upgrades and Downgrades
AWK has been the topic of a number of research reports. UBS Group raised their price objective on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $141.17.
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.
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Source: defenseworld.net
