UBS Asset Management Americas Inc. increased its position in American Water Works Company Inc (NYSE:AWK) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,165,786 shares of the utilities provider’s stock after buying an additional 16,773 shares during the period. UBS Asset Management Americas Inc. owned 0.65% of American Water Works worth $106,658,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. acquired a new position in American Water Works during the fourth quarter valued at approximately $152,000. Lakeview Capital Partners LLC acquired a new position in American Water Works during the fourth quarter valued at approximately $214,000. Buckley Wealth Management LLC acquired a new position in American Water Works during the fourth quarter valued at approximately $228,000. Edgewood Management LLC acquired a new position in American Water Works during the third quarter valued at approximately $202,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in American Water Works during the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 81.43% of the company’s stock.
Shares of American Water Works Company Inc (NYSE AWK) opened at $79.85 on Wednesday. American Water Works Company Inc has a 12-month low of $73.05 and a 12-month high of $92.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The firm has a market capitalization of $14,359.22, a P/E ratio of 27.76, a PEG ratio of 3.30 and a beta of 0.14.
American Water Works (NYSE:AWK) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $843.36 million. During the same period in the prior year, the business earned $0.57 earnings per share. American Water Works’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts anticipate that American Water Works Company Inc will post 3.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.66 annualized dividend and a dividend yield of 2.08%. American Water Works’s dividend payout ratio is 56.27%.
Several equities analysts have commented on AWK shares. Guggenheim downgraded American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Argus increased their price target on American Water Works from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, December 29th. Robert W. Baird increased their price target on American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Janney Montgomery Scott downgraded American Water Works from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. American Water Works has an average rating of “Hold” and an average price target of $90.86.
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American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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