Allianz Asset Management GmbH grew its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 697,151 shares of the utilities provider's stock after acquiring an additional 37,353 shares during the period. Allianz Asset Management GmbH owned about 0.36% of American Water Works worth $86,788,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crews Bank & Trust bought a new position in shares of American Water Works during the fourth quarter valued at about $26,000. Catalyst Capital Advisors LLC raised its stake in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock worth $44,000 after buying an additional 182 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in American Water Works in the third quarter worth about $51,000. Assetmark Inc. raised its stake in American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after buying an additional 89 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in American Water Works in the fourth quarter worth about $48,000. 86.58% of the stock is owned by institutional investors.
Shares of NYSE AWK traded up $3.96 on Friday, reaching $132.63. 2,116,785 shares of the company's stock traded hands, compared to its average volume of 1,329,972. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The business's 50 day simple moving average is $124.93 and its two-hundred day simple moving average is $134.76. The company has a market cap of $25.86 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.72 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.
American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works's payout ratio is 56.77%.
A number of equities analysts recently issued reports on the stock. UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and increased their price target for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company increased their price target on shares of American Water Works from $129.00 to $133.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, American Water Works presently has a consensus rating of "Hold" and a consensus price target of $140.57.
Check Out Our Latest Report on AWK
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.
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