2,085 Shares in American Water Works Company, Inc. (NYSE:AWK) Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,085 shares of the utilities provider’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sanibel Captiva Trust Company Inc. acquired a new position in American Water Works during the second quarter worth $662,000. Cidel Asset Management Inc. boosted its position in American Water Works by 3.4% during the second quarter. Cidel Asset Management Inc. now owns 19,867 shares of the utilities provider’s stock worth $2,566,000 after purchasing an additional 652 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in American Water Works during the second quarter worth $802,000. First Horizon Advisors Inc. boosted its position in American Water Works by 8.2% during the second quarter. First Horizon Advisors Inc. now owns 1,553 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 118 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in American Water Works by 2.2% during the second quarter. Continuum Advisory LLC now owns 6,636 shares of the utilities provider’s stock worth $857,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AWK. UBS Group boosted their target price 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. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.17.

American Water Works Stock Up 0.0 %

Shares of NYSE:AWK traded up $0.07 during mid-day trading on Thursday, hitting $140.84. 53,799 shares of the company traded hands, compared to its average volume of 1,252,988. The firm has a market cap of $27.44 billion, a P/E ratio of 28.55, a PEG ratio of 3.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 0.64. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $149.00. The firm’s 50 day simple moving average is $136.89 and its 200 day simple moving average is $128.06.

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

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be given a dividend of $0.765 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.17%. American Water Works’s dividend 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.