Diversified LLC Has $429,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Diversified LLC boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,320 shares of the utilities provider’s stock after purchasing an additional 125 shares during the period. Diversified LLC’s holdings in American Water Works were worth $429,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AWK. Ables Iannone Moore & Associates Inc. acquired a new position in shares of American Water Works in the fourth quarter valued at approximately $26,000. ORG Partners LLC bought a new position in shares of American Water Works during the second quarter valued at $30,000. Tortoise Investment Management LLC raised its stake in shares of 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 acquiring an additional 100 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of American Water Works by 100.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 127 shares during the period. Finally, Quarry LP bought a new stake in shares of American Water Works in the fourth quarter worth $34,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AWK shares. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. UBS Group raised their price objective on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, American Water Works currently has an average rating of “Hold” and a consensus price target of $141.17.

American Water Works Stock Up 0.3 %

AWK traded up $0.40 during midday trading on Friday, hitting $140.42. The company had a trading volume of 521,408 shares, compared to its average volume of 1,252,906. The stock’s 50 day moving average price is $137.33 and its 200 day moving average price is $128.28. 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 market capitalization of $27.36 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 3.44 and a beta of 0.67. The company has a quick ratio of 0.79, a current ratio of 0.64 and a debt-to-equity ratio of 1.24.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that American Water Works Company, Inc. will post 5.25 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

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 given a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, August 13th. American Water Works’s payout ratio is currently 62.07%.

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 1,700 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.