Sowell Financial Services LLC Acquires 1,189 Shares of American Water Works Company Inc (AWK)

Sowell Financial Services LLC increased its position in shares of American Water Works Company Inc (NYSE:AWK) by 27.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,515 shares of the utilities provider’s stock after buying an additional 1,189 shares during the period. Sowell Financial Services LLC’s holdings in American Water Works were worth $501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in American Water Works in the 4th quarter valued at $218,024,000. Federated Investors Inc. PA raised its stake in shares of American Water Works by 9,419.3% in the 3rd quarter. Federated Investors Inc. PA now owns 923,280 shares of the utilities provider’s stock valued at $81,221,000 after buying an additional 913,581 shares in the last quarter. Vanguard Group Inc raised its stake in shares of American Water Works by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after buying an additional 436,131 shares in the last quarter. BlackRock Inc. raised its stake in shares of American Water Works by 2.2% in the 4th quarter. BlackRock Inc. now owns 14,335,088 shares of the utilities provider’s stock valued at $1,301,195,000 after buying an additional 311,893 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of American Water Works by 66.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 692,358 shares of the utilities provider’s stock valued at $62,845,000 after buying an additional 276,116 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

American Water Works stock traded up $1.04 during midday trading on Wednesday, hitting $105.84. 600,130 shares of the stock were exchanged, compared to its average volume of 1,054,340. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.37 and a quick ratio of 0.35. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 3.62 and a beta of 0.25. American Water Works Company Inc has a 52 week low of $77.73 and a 52 week high of $107.71.

American Water Works (NYSE:AWK) last announced its earnings results on Tuesday, February 19th. The utilities provider reported $0.69 EPS for the quarter, hitting the consensus estimate 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 business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. As a group, analysts predict that American Water Works Company Inc will post 3.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.50 per share. This is an increase from American Water Works’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, May 10th. American Water Works’s dividend payout ratio (DPR) is 55.15%.

A number of equities research analysts recently issued reports on AWK shares. Zacks Investment Research reiterated a “buy” rating and set a $104.00 target price on shares of American Water Works in a research report on Monday, December 31st. Janney Montgomery Scott reiterated a “buy” rating and set a $102.00 target price on shares of American Water Works in a research report on Thursday, February 21st. Bank of America increased their price objective on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, February 21st. Finally, Wells Fargo & Co increased their price objective on shares of American Water Works from $101.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, February 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $103.57.

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American Water Works Profile

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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