Intech Investment Management LLC Invests $875,000 in American Water Works Company, Inc. (NYSE:AWK)

Intech Investment Management LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,775 shares of the utilities provider’s stock, valued at approximately $875,000.

Other institutional investors have also added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of American Water Works during the 4th quarter valued at about $26,000. ORG Partners LLC bought a new position in American Water Works during the second quarter worth about $30,000. Tortoise Investment Management LLC boosted its holdings in American Water Works by 71.9% during the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of American Water Works by 100.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 127 shares during the period. Finally, Quarry LP acquired a new position in shares of American Water Works in the 4th quarter worth approximately $34,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of AWK stock opened at $144.12 on Thursday. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The firm’s 50 day moving average is $143.62 and its 200-day moving average is $132.24. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.55 and a beta of 0.69.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.765 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $3.06 annualized dividend and a yield of 2.12%. American Water Works’s dividend payout ratio is currently 62.07%.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AWK shares. Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Bank of America reissued an “underperform” rating and set a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Finally, Wolfe Research raised shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Water Works has an average rating of “Hold” and an average price target of $140.29.

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.