Procyon Advisors LLC Increases Holdings in American Water Works Company, Inc. (NYSE:AWK)

Procyon Advisors LLC lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,515 shares of the utilities provider’s stock after acquiring an additional 113 shares during the period. Procyon Advisors LLC’s holdings in American Water Works were worth $368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after acquiring an additional 624,977 shares during the last quarter. Impax Asset Management Group plc grew its holdings in American Water Works by 3.7% during the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock valued at $890,422,000 after purchasing an additional 247,745 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in American Water Works by 1.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,143,437 shares of the utilities provider’s stock worth $261,949,000 after purchasing an additional 25,887 shares during the period. Mirova US LLC lifted its stake in American Water Works by 2.1% in the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock worth $205,120,000 after purchasing an additional 32,764 shares during the last quarter. Finally, Wulff Hansen & CO. boosted its position in shares of American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after buying an additional 1,453,334 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 1.0 %

Shares of American Water Works stock opened at $142.58 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 debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 3.28 and a beta of 0.69. The firm’s 50-day moving average is $143.35 and its two-hundred day moving average is $134.69.

American Water Works (NYSE:AWK) last issued 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share. As a group, research analysts expect that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works’s dividend payout ratio (DPR) is currently 62.07%.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s 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 completion of the transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AWK has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $131.00 to $140.00 in a research report on Tuesday. Wolfe Research raised shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Finally, Jefferies Financial Group started coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $140.00.

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.