Miracle Mile Advisors LLC Has $331,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

Miracle Mile Advisors LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.3% in the first quarter, Holdings Channel reports. The institutional investor owned 2,712 shares of the utilities provider’s stock after purchasing an additional 161 shares during the period. Miracle Mile Advisors LLC’s holdings in American Water Works were worth $331,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Diversified LLC raised its holdings in American Water Works by 3.2% in the 4th quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock valued at $336,000 after acquiring an additional 80 shares in the last quarter. Brookstone Capital Management lifted its position in American Water Works by 4.8% in the fourth quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock worth $239,000 after purchasing an additional 83 shares during the period. Headlands Technologies LLC boosted its stake in American Water Works by 10.4% during the fourth quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock worth $118,000 after buying an additional 84 shares in the last quarter. Journey Advisory Group LLC increased its stake in American Water Works by 5.6% in the fourth quarter. Journey Advisory Group LLC now owns 1,900 shares of the utilities provider’s stock valued at $251,000 after acquiring an additional 100 shares during the period. Finally, Presima Securities ULC raised its position in American Water Works by 1.9% in the fourth quarter. Presima Securities ULC now owns 5,470 shares of the utilities provider’s stock worth $722,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $141.33.

American Water Works Stock Down 1.0 %

Shares of AWK opened at $127.81 on Tuesday. The company has a market capitalization of $24.90 billion, a P/E ratio of 25.92, a PEG ratio of 3.08 and a beta of 0.67. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $151.22. The business’s 50 day simple moving average is $129.05 and its 200-day simple moving average is $125.52. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $962.30 million. During the same period in the prior year, the firm posted $0.91 EPS. American Water Works’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.765 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.39%. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s dividend payout ratio is currently 62.07%.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.