Dimensional Fund Advisors LP Has $92.76 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Dimensional Fund Advisors LP raised its stake in American Water Works Company, Inc. (NYSE:AWK) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 718,178 shares of the utilities provider’s stock after purchasing an additional 70,205 shares during the period. Dimensional Fund Advisors LP’s holdings in American Water Works were worth $92,761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of American Water Works by 945.5% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock worth $238,397,000 after acquiring an additional 1,633,389 shares during the period. M&G Plc bought a new stake in shares of American Water Works in the first quarter valued at about $108,688,000. Vanguard Group Inc. raised its stake in American Water Works by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after purchasing an additional 624,977 shares in the last quarter. Nuance Investments LLC boosted its holdings in American Water Works by 70.3% in the 1st quarter. Nuance Investments LLC now owns 958,309 shares of the utilities provider’s stock valued at $117,115,000 after purchasing an additional 395,684 shares during the period. Finally, Parsifal Capital Management LP bought a new stake in American Water Works in the 4th quarter valued at about $44,441,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK stock opened at $145.07 on Wednesday. The business has a fifty day simple moving average of $143.62 and a 200 day simple moving average of $132.24. The company has a market cap of $28.26 billion, a P/E ratio of 29.43, a P/E/G ratio of 3.49 and a beta of 0.69. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. On average, sell-side analysts forecast that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.765 per share. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.11%. American Water Works’s payout ratio is presently 62.07%.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of analyst reports. Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Bank of America reiterated an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $140.29.

Insider Transactions at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the sale, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

American Water Works Company 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.