Oakbrook Investments LLC Cuts Holdings in American Water Works Company Inc (AWK)

Oakbrook Investments LLC decreased its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 1.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,470 shares of the utilities provider’s stock after selling 150 shares during the period. Oakbrook Investments LLC’s holdings in American Water Works were worth $883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC purchased a new position in American Water Works during the 4th quarter valued at about $28,000. Financial Gravity Companies Inc. purchased a new position in American Water Works during the 4th quarter valued at about $32,000. Capital Financial Planning LLC purchased a new position in American Water Works during the 4th quarter valued at about $31,000. Ruggie Capital Group purchased a new position in American Water Works during the 4th quarter valued at about $31,000. Finally, JNBA Financial Advisors purchased a new position in American Water Works during the 4th quarter valued at about $32,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

AWK has been the topic of a number of analyst reports. Wells Fargo & Co reaffirmed a “buy awk” rating on shares of American Water Works in a research report on Monday, December 24th. Bank of America lifted their price objective on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, February 21st. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $102.00 price objective on shares of American Water Works in a research report on Thursday, February 21st. Finally, Zacks Investment Research reaffirmed a “buy” rating and issued a $104.00 price objective on shares of American Water Works in a research report on Monday, December 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. American Water Works currently has an average rating of “Buy” and a consensus target price of $103.57.

Shares of American Water Works stock opened at $104.70 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 1.29. American Water Works Company Inc has a 52-week low of $77.73 and a 52-week high of $107.71. The company has a market capitalization of $18.90 billion, a PE ratio of 31.63, a PEG ratio of 3.62 and a beta of 0.25.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. The firm had revenue of $850.00 million for the quarter, compared to the consensus estimate of $823.93 million. American Water Works had a net margin of 16.48% and a return on equity of 10.36%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, equities research analysts expect that American Water Works Company Inc will post 3.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 10th. This is a boost from American Water Works’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. American Water Works’s dividend payout ratio (DPR) is 55.15%.

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About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; 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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