Amundi Asset Management US Inc. lifted its stake in American Water Works Company, Inc. (NYSE:AWK) by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,017,951 shares of the utilities provider’s stock after buying an additional 77,138 shares during the quarter. Amundi Asset Management US Inc. owned about 0.56% of American Water Works worth $152,611,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of American Water Works by 6.2% in the first quarter. BlackRock Inc. now owns 15,674,504 shares of the utilities provider’s stock worth $2,349,922,000 after buying an additional 911,406 shares during the period. Northern Trust Corp grew its position in shares of American Water Works by 1.3% during the first quarter. Northern Trust Corp now owns 3,282,433 shares of the utilities provider’s stock worth $492,102,000 after purchasing an additional 43,708 shares in the last quarter. Geode Capital Management LLC grew its position in shares of American Water Works by 2.0% during the first quarter. Geode Capital Management LLC now owns 3,226,307 shares of the utilities provider’s stock worth $482,445,000 after purchasing an additional 62,929 shares in the last quarter. Norges Bank purchased a new stake in shares of American Water Works during the fourth quarter worth about $266,219,000. Finally, Bank of New York Mellon Corp grew its position in shares of American Water Works by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 1,478,877 shares of the utilities provider’s stock worth $221,712,000 after purchasing an additional 74,518 shares in the last quarter. 81.44% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Melanie M. Kennedy sold 661 shares of the firm’s stock in a transaction that occurred on Thursday, May 20th. The stock was sold at an average price of $154.55, for a total transaction of $102,157.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by company insiders.
American Water Works (NYSE:AWK) last announced its earnings results on Sunday, May 2nd. The utilities provider reported $0.73 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.73. The firm had revenue of $888.00 million during the quarter, compared to analysts’ expectations of $923.90 million. American Water Works had a return on equity of 11.09% and a net margin of 18.79%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts expect that American Water Works Company, Inc. will post 4.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Tuesday, May 11th were paid a dividend of $0.6025 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.55. This represents a $2.41 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, May 10th. American Water Works’s dividend payout ratio (DPR) is currently 61.79%.
Several equities analysts have weighed in on AWK shares. Argus restated a “hold” rating on shares of American Water Works in a report on Tuesday, May 18th. Barclays raised their price target on American Water Works from $170.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, July 15th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $170.00.
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 16 states serving approximately 3.5 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, such as schools and universities; and other utilities and community water and wastewater systems.
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