American Water Works Company, Inc. $AWK Stock Holdings Raised by Vestor Capital LLC

Vestor Capital LLC increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 17,601.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 712,315 shares of the utilities provider’s stock after acquiring an additional 708,291 shares during the period. American Water Works makes up about 2.6% of Vestor Capital LLC’s portfolio, making the stock its 9th largest holding. Vestor Capital LLC owned 0.36% of American Water Works worth $92,223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AWK. Ascentis Independent Advisors purchased a new position in American Water Works during the first quarter worth approximately $27,000. Harborfront Financial Group LLC purchased a new stake in shares of American Water Works in the second quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. increased its position in shares of American Water Works by 73.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 232 shares of the utilities provider’s stock valued at $30,000 after buying an additional 98 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of American Water Works in the third quarter valued at approximately $31,000. Finally, Global Assets Advisory LLC acquired a new position in shares of American Water Works during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the topic of a number of recent analyst reports. Barclays decreased their target price on American Water Works from $130.00 to $127.00 and set an “underweight” rating on the stock in a research report on Monday, October 19th. Mizuho set a $149.00 price target on shares of American Water Works in a report on Friday, October 30th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Huntington cut shares of American Water Works from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 5th. Finally, Truist Financial set a $139.00 price objective on shares of American Water Works in a report on Tuesday, August 4th. One 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. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and an average price target of $141.14.

American Water Works Price Performance

NYSE:AWK opened at $149.19 on Tuesday. The stock has a 50 day moving average of $136.96 and a two-hundred day moving average of $132.96. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $153.69. The firm has a market cap of $29.70 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.05 and a beta of 0.56. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.04). American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. On average, analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Thursday, November 12th will be given a dividend of $0.8950 per share. The ex-dividend date is Thursday, November 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.4%. American Water Works’s payout ratio is presently 62.05%.

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.