Mid Atlantic Financial Management Inc. ADV grew its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,558 shares of the utilities provider’s stock after buying an additional 208 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in American Water Works were worth $267,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AWK. Vanguard Group Inc grew its holdings in shares of American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after acquiring an additional 436,131 shares during the period. IFM Investors Pty Ltd grew its holdings in shares of American Water Works by 16.9% during the 4th quarter. IFM Investors Pty Ltd now owns 11,062 shares of the utilities provider’s stock worth $1,004,000 after acquiring an additional 1,603 shares during the period. Sumitomo Life Insurance Co. grew its holdings in shares of American Water Works by 2.5% during the 4th quarter. Sumitomo Life Insurance Co. now owns 21,546 shares of the utilities provider’s stock worth $1,956,000 after acquiring an additional 521 shares during the period. Calamos Wealth Management LLC purchased a new position in shares of American Water Works during the 4th quarter worth approximately $235,000. Finally, Harwood Advisory Group LLC purchased a new stake in shares of American Water Works in the 4th quarter worth approximately $654,000. Institutional investors own 83.67% of the company’s stock.
American Water Works stock opened at $113.32 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $20.49 billion, a P/E ratio of 34.34, a P/E/G ratio of 3.83 and a beta of 0.25. American Water Works Company Inc has a twelve month low of $77.73 and a twelve month high of $113.92.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.76%. This is an increase from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 10th. American Water Works’s dividend payout ratio (DPR) is currently 60.61%.
In other American Water Works news, SVP Loyd A. Warnock sold 9,502 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $111.04, for a total transaction of $1,055,102.08. Following the sale, the senior vice president now directly owns 18,314 shares in the company, valued at approximately $2,033,586.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael A. Sgro sold 6,680 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $110.93, for a total value of $741,012.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,727 shares of company stock worth $3,857,391. Company insiders own 0.36% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Janney Montgomery Scott restated a “buy” rating and issued a $102.00 price target on shares of American Water Works in a research note on Thursday, February 21st. Bank of America upped their price target 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. Finally, Wells Fargo & Co upped their price target on American Water Works from $101.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, February 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $109.67.
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American Water Works Company 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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