SeaCrest Wealth Management LLC Raises Holdings in American Water Works Company, Inc. (NYSE:AWK)

SeaCrest Wealth Management LLC raised its stake in American Water Works Company, Inc. (NYSE:AWK) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,831 shares of the utilities provider’s stock after purchasing an additional 120 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in American Water Works were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AWK. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Water Works in the 3rd quarter valued at approximately $429,000. O Shaughnessy Asset Management LLC raised its holdings in American Water Works by 19.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,979 shares of the utilities provider’s stock worth $617,000 after purchasing an additional 810 shares during the last quarter. Gotham Asset Management LLC raised its holdings in American Water Works by 12.5% during the third quarter. Gotham Asset Management LLC now owns 4,473 shares of the utilities provider’s stock worth $554,000 after purchasing an additional 497 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in American Water Works by 975.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 37,600 shares of the utilities provider’s stock worth $4,656,000 after purchasing an additional 34,103 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in American Water Works by 811.8% during the third quarter. Lazard Asset Management LLC now owns 27,090 shares of the utilities provider’s stock worth $3,353,000 after purchasing an additional 24,119 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AWK has been the subject of several research reports. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. UBS Group boosted their price target on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. 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, the company presently has an average rating of “Hold” and an average target price of $141.33.

American Water Works Stock Performance

NYSE AWK opened at $127.96 on Thursday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $151.22. The stock has a market cap of $24.93 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 3.08 and a beta of 0.67. The business has a fifty day moving average of $129.39 and a 200-day moving average of $125.45. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.26.

American Water Works (NYSE:AWK) last announced 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). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $962.30 million. American Water Works had a net margin of 22.27% and a return on equity of 9.74%. American Water Works’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. As a group, analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

American Water Works Increases Dividend

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

American Water Works Profile

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.