Bellecapital International Ltd. grew its position in shares of American Water Works Company Inc (NYSE:AWK) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,836 shares of the utilities provider’s stock after purchasing an additional 240 shares during the quarter. Bellecapital International Ltd.’s holdings in American Water Works were worth $445,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Barrett Asset Management LLC purchased a new position in shares of American Water Works in the 1st quarter valued at approximately $25,000. Citizens Financial Group Inc RI bought a new position in American Water Works during the 1st quarter valued at approximately $30,000. Sandy Spring Bank bought a new position in American Water Works during the 1st quarter valued at approximately $37,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in American Water Works during the 2nd quarter valued at approximately $38,000. Finally, C J Advisory Inc bought a new position in American Water Works during the 1st quarter valued at approximately $46,000. Hedge funds and other institutional investors own 84.23% of the company’s stock.
Shares of American Water Works stock opened at $124.50 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 4.19 and a beta of 0.17. American Water Works Company Inc has a 52 week low of $85.88 and a 52 week high of $124.87. The stock’s 50-day simple moving average is $117.13 and its 200-day simple moving average is $109.28.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $2.00 annualized dividend and a yield of 1.61%. American Water Works’s payout ratio is currently 60.61%.
A number of analysts have commented on the company. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $121.00 price objective (up previously from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Wells Fargo & Co lifted their target price on American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a research report on Wednesday. Bank of America downgraded American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research report on Monday, July 15th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. American Water Works currently has a consensus rating of “Buy” and an average target price of $114.67.
In other news, COO Walter Lynch sold 3,372 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $112.90, for a total transaction of $380,698.80. Following the transaction, the chief operating officer now owns 106,666 shares of the company’s stock, valued at $12,042,591.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Susan N. Story sold 28,457 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $113.84, for a total value of $3,239,544.88. The disclosure for this sale can be found here. Insiders have sold 35,852 shares of company stock worth $4,090,814 over the last three months. 0.36% of the stock is currently owned by insiders.
American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 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; and other utilities and community water and wastewater systems.
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