Telos Capital Management Inc. bought a new stake in shares of American Water Works Company Inc (NYSE:AWK) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,925 shares of the utilities provider’s stock, valued at approximately $201,000.
Several other hedge funds and other institutional investors have also modified their holdings of AWK. Larson Financial Group LLC purchased a new stake in shares of American Water Works during the fourth quarter valued at $28,000. Financial Gravity Companies Inc. bought a new position in American Water Works in the fourth quarter valued at about $32,000. Capital Financial Planning LLC bought a new position in American Water Works in the fourth quarter valued at about $31,000. Ruggie Capital Group bought a new position in American Water Works in the fourth quarter valued at about $31,000. Finally, JNBA Financial Advisors bought a new position in shares of American Water Works in the fourth quarter worth about $32,000. 85.49% of the stock is owned by institutional investors.
NYSE AWK traded up $2.48 during trading on Friday, hitting $108.27. 776,047 shares of the stock traded hands, compared to its average volume of 845,992. The stock has a market capitalization of $19.19 billion, a PE ratio of 32.81, a P/E/G ratio of 3.65 and a beta of 0.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.32 and a quick ratio of 0.30. American Water Works Company Inc has a 12-month low of $77.73 and a 12-month high of $108.32.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 13th will be paid a dividend of $0.50 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, May 10th. American Water Works’s dividend payout ratio (DPR) is currently 55.15%.
AWK has been the topic of several recent research reports. Wells Fargo & Co downgraded American Water Works from an “outperform” rating to a “market perform” rating and set a $111.00 price objective on the stock. in a research note on Tuesday, March 26th. They noted that the move was a valuation call. Bank of America raised their price objective on American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. 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. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Thursday, May 2nd. Finally, Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $106.50.
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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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