American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 36,514 shares of the utilities provider’s stock after purchasing an additional 1,524 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in American Water Works were worth $4,462,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AWK. MV Capital Management Inc. boosted its holdings in American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 103 shares during the period. Ables Iannone Moore & Associates Inc. bought a new position in shares of American Water Works in the fourth quarter worth $26,000. ORG Partners LLC boosted its stake in American Water Works by 79.2% during the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after buying an additional 103 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in American Water Works by 100.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after buying an additional 127 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 0.5 %

Shares of American Water Works stock traded down $0.69 during trading hours on Tuesday, hitting $127.87. The company’s stock had a trading volume of 1,050,547 shares, compared to its average volume of 1,428,761. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.22. The stock has a 50 day moving average of $125.98 and a 200 day moving average of $125.73. The company has a market capitalization of $24.91 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $962.30 million. During the same period last year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were issued a dividend of $0.765 per share. This is an increase from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date was Monday, May 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.39%. American Water Works’s dividend payout ratio (DPR) is 62.07%.

Wall Street Analyst Weigh In

AWK has been the subject of several analyst reports. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th. Finally, UBS Group boosted their price objective on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $141.33.

American Water Works Company 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.