Edmond DE Rothschild Holding S.A. acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 47,612 shares of the utilities provider’s stock, valued at approximately $6,265,000.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of American Water Works during the 2nd quarter valued at $2,712,173,000. State Street Corp raised its holdings in shares of American Water Works by 4.2% during the fourth quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock worth $1,570,936,000 after acquiring an additional 486,090 shares in the last quarter. Wellington Management Group LLP boosted its position in American Water Works by 3,274.6% during the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after purchasing an additional 6,882,575 shares during the last quarter. GQG Partners LLC boosted its position in American Water Works by 64.2% during the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock valued at $847,361,000 after purchasing an additional 2,539,683 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in American Water Works by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock valued at $655,025,000 after purchasing an additional 33,359 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
American Water Works Stock Performance
AWK opened at $138.49 on Thursday. The company has a market cap of $27.52 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60. The stock has a 50-day moving average of $132.51 and a 200-day moving average of $131.41. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $147.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52.
American Water Works Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is 62.05%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on AWK shares. JPMorgan Chase & Co. raised their price target on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Mizuho increased their price objective on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. UBS Group lifted their target price on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $138.78.
Read Our Latest Analysis on AWK
About American Water Works
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.
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