American Water Works Company, Inc. $AWK Shares Newly Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,621 shares of the utilities provider’s stock, valued at approximately $728,000.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in American Water Works during the 2nd quarter valued at about $2,712,173,000. GQG Partners LLC purchased a new position in American Water Works in the 2nd quarter worth approximately $1,171,477,000. Wellington Management Group LLP lifted its position in American Water Works by 35.2% in the 2nd quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock valued at $1,962,116,000 after acquiring an additional 3,883,057 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of American Water Works in the second quarter worth $443,787,000. Finally, Bank of America Corp DE bought a new position in shares of American Water Works during the second quarter valued at $367,632,000. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Up 0.7%

Shares of NYSE:AWK opened at $150.26 on Wednesday. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $153.69. The company has a market cap of $29.92 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. The stock has a 50 day moving average of $137.20 and a 200 day moving average of $133.05. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.04). The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.58 billion. American Water Works had a net margin of 21.26% and a return on equity of 10.14%. American Water Works’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 EPS. As a group, equities research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.8950 per share. This represents a $3.58 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 12th. American Water Works’s dividend payout ratio (DPR) is 62.05%.

Analyst Ratings Changes

AWK has been the subject of a number of research analyst reports. Mizuho set a $149.00 price target on shares of American Water Works in a research note on Friday, October 30th. Bank of America restated a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Truist Financial set a $139.00 target price on American Water Works in a research report on Tuesday, August 4th. Finally, Huntington downgraded American Water Works from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 5th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $141.14.

American Water Works Profile

American Water Works Company, Inc. is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services. The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.