Cbre Investment Management Listed Real Assets LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 82.7% in the 4th quarter, Holdings Channel reports. The fund owned 21,430 shares of the utilities provider’s stock after buying an additional 9,698 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in American Water Works were worth $2,797,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its holdings in American Water Works by 2.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,856 shares of the utilities provider’s stock worth $537,000 after purchasing an additional 77 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in American Water Works by 3.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 2,269 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 77 shares during the period. Peddock Capital Advisors LLC lifted its holdings in American Water Works by 2.9% in the 4th quarter. Peddock Capital Advisors LLC now owns 2,824 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 79 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 81 shares during the last quarter. Finally, Faithward Advisors LLC lifted its holdings in American Water Works by 5.4% in the 3rd quarter. Faithward Advisors LLC now owns 1,602 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
American Water Works Stock Down 1.8%
Shares of American Water Works stock opened at $120.99 on Tuesday. The stock has a market capitalization of $23.63 billion, a P/E ratio of 21.45, a PEG ratio of 2.67 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average price of $130.64 and a two-hundred day moving average price of $131.04. American Water Works Company, Inc. has a 12-month low of $120.61 and a 12-month high of $147.87.
American Water Works Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.895 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This is an increase from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 dividend on an annualized basis and a yield of 3.0%. American Water Works’s dividend payout ratio (DPR) is currently 63.48%.
Analyst Ratings Changes
A number of research firms have commented on AWK. Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Bank of America dropped their target price on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Truist Financial dropped their target price on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday. Finally, Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $138.11.
View Our Latest Analysis on American Water Works
Key American Water Works News
Here are the key news stories impacting American Water Works this week:
- Positive Sentiment: American Water completed a $315 million acquisition of Nexus Water Group systems in eight states, expanding its regulated footprint and adding long-term rate-base growth potential. American Water Completes Purchase of Nexus Water Group Systems in Eight States
- Positive Sentiment: Several subsidiary acquisitions were completed on June 1, including systems in New Jersey, Virginia, Pennsylvania, Kentucky, Tennessee, Indiana, and Illinois, which should support customer and regulated asset growth. New Jersey American Water Completes Purchase of Montague Sewer & Water Company’s Utility Systems
- Neutral Sentiment: MarketWatch noted that AWK underperformed peers during Monday trading, suggesting investors are not fully rewarding the acquisition news yet. American Water Works Co. stock underperforms Monday when compared to competitors
- Negative Sentiment: The stock’s weakness may also reflect investor caution around the size of the acquisition and its near-term capital spending needs, even though the assets are regulated.
American Water Works Profile
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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