LS Investment Advisors LLC reduced its stake in shares of American Water Works Company Inc (NYSE:AWK) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,004 shares of the utilities provider’s stock after selling 758 shares during the quarter. LS Investment Advisors LLC’s holdings in American Water Works were worth $1,669,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of American Water Works in the fourth quarter valued at $218,024,000. Federated Investors Inc. PA increased its stake in shares of American Water Works by 9,419.3% in the third quarter. Federated Investors Inc. PA now owns 923,280 shares of the utilities provider’s stock valued at $81,221,000 after buying an additional 913,581 shares in the last quarter. Vanguard Group Inc increased its stake in shares of American Water Works by 2.3% in the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after buying an additional 436,131 shares in the last quarter. BlackRock Inc. increased its stake in shares of American Water Works by 2.2% in the fourth quarter. BlackRock Inc. now owns 14,335,088 shares of the utilities provider’s stock valued at $1,301,195,000 after buying an additional 311,893 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of American Water Works by 66.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 692,358 shares of the utilities provider’s stock valued at $62,845,000 after buying an additional 276,116 shares in the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.
A number of analysts have recently weighed in on AWK shares. Wells Fargo & Co restated a “buy” rating on shares of American Water Works in a research note on Wednesday, January 2nd. Bank of America raised their target price on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 21st. Janney Montgomery Scott restated a “buy” rating and issued a $102.00 target price on shares of American Water Works in a research note on Thursday, February 21st. Finally, Zacks Investment Research restated a “buy” rating and issued a $104.00 target price on shares of American Water Works in a research note on Monday, December 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $103.57.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $823.93 million. American Water Works had a return on equity of 10.36% and a net margin of 16.48%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 earnings per share. Equities analysts anticipate that American Water Works Company Inc will post 3.58 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 13th will be issued a $0.50 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.00 annualized dividend and a yield of 1.87%. American Water Works’s dividend payout ratio (DPR) is currently 55.15%.
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American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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