Caprock Group LLC Makes New Investment in American Water Works Company, Inc. $AWK

Caprock Group LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,708 shares of the utilities provider’s stock, valued at approximately $1,545,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in American Water Works by 11.5% during the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock worth $872,000 after acquiring an additional 609 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of American Water Works by 40.7% during the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after purchasing an additional 4,762 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of American Water Works in the 2nd quarter worth approximately $302,000. IFP Advisors Inc grew its stake in shares of American Water Works by 37.2% in the 2nd quarter. IFP Advisors Inc now owns 1,642 shares of the utilities provider’s stock worth $228,000 after buying an additional 445 shares during the last quarter. Finally, CWM LLC increased its position in American Water Works by 25.7% during the 2nd quarter. CWM LLC now owns 17,569 shares of the utilities provider’s stock valued at $2,444,000 after buying an additional 3,589 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on AWK shares. Mizuho set a $145.00 target price on American Water Works in a report on Tuesday, October 28th. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $117.00 to $139.00 in a research note on Monday, January 12th. Wells Fargo & Company cut their price objective on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. UBS Group set a $149.00 target price on shares of American Water Works in a report on Wednesday, December 17th. Finally, Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and upped their target price for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.89.

American Water Works Stock Up 4.1%

Shares of American Water Works stock opened at $133.62 on Friday. American Water Works Company, Inc. has a twelve month low of $121.28 and a twelve month high of $155.50. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $129.68 and its 200 day moving average is $134.94. The company has a market cap of $26.08 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is 58.17%.

American Water Works Company Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.