Cbre Investment Management Listed Real Assets LLC Boosts Holdings in American Water Works Company, Inc. (NYSE:AWK)

Cbre Investment Management Listed Real Assets LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWKFree Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,625 shares of the utilities provider’s stock after buying an additional 218 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in American Water Works were worth $478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MV Capital Management Inc. boosted its holdings in shares of American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after buying an additional 103 shares during the last quarter. ORG Partners LLC lifted its holdings 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 purchasing an additional 103 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in American Water Works during the fourth quarter valued at approximately $35,000. Key Financial Inc lifted its holdings in American Water Works by 266.7% during the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in American Water Works during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK stock traded up $4.49 during mid-day trading on Friday, hitting $130.77. The company had a trading volume of 3,003,142 shares, compared to its average volume of 1,134,899. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $151.22. The stock’s 50 day moving average price is $124.59 and its 200-day moving average price is $125.81. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. The company has a market capitalization of $25.48 billion, a P/E ratio of 26.53, a P/E/G ratio of 3.12 and a beta of 0.62.

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

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 14th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, May 13th. This is a boost from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s payout ratio is currently 62.07%.

Insider Buying and Selling

In related news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the sale, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on AWK shares. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $160.00 to $135.00 in a report on Friday, February 16th. Finally, UBS Group boosted their target price on shares of American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.33.

Check Out Our Latest Stock Analysis on AWK

About American Water Works

(Free Report)

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.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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