Atomi Financial Group Inc. Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Atomi Financial Group Inc. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,730 shares of the utilities provider’s stock, valued at approximately $253,000.

Other hedge funds also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC increased its holdings in shares of American Water Works by 2.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 79 shares during the period. Asset Dedication LLC lifted its position in shares of American Water Works by 1.6% during the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after buying an additional 85 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in shares of American Water Works by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after buying an additional 88 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of American Water Works by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock worth $2,581,000 after buying an additional 95 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of American Water Works by 71.9% during the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AWK. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Bank of America reissued an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $140.00.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by company insiders.

American Water Works Stock Up 1.9 %

American Water Works stock opened at $138.87 on Monday. The firm has a market cap of $27.06 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 3.28 and a beta of 0.69. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The business’s 50-day moving average price is $143.47 and its 200 day moving average price is $134.37. 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 (NYSE:AWK) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The business had revenue of $1.15 billion for 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%. American Water Works’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.44 earnings per share. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.27 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were issued a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works’s payout ratio is presently 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.