Investors purchased shares of American Water Works Company Inc (NYSE:AWK) on weakness during trading on Wednesday. $50.48 million flowed into the stock on the tick-up and $25.50 million flowed out of the stock on the tick-down, for a money net flow of $24.98 million into the stock. Of all stocks tracked, American Water Works had the 28th highest net in-flow for the day. American Water Works traded down ($0.04) for the day and closed at $98.66
AWK has been the topic of several recent analyst reports. Zacks Investment Research reaffirmed a “buy” rating and set a $104.00 price objective on shares of American Water Works in a report on Monday, December 31st. Wells Fargo & Co reaffirmed a “buy” rating on shares of American Water Works in a report on Wednesday, January 2nd. Robert W. Baird increased their price objective on shares of American Water Works from $103.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th. Finally, Janney Montgomery Scott increased their price objective on shares of American Water Works from $96.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, December 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $95.22.
The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 3.50 and a beta of 0.25.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, February 6th. American Water Works’s dividend payout ratio is currently 60.07%.
Several large investors have recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in American Water Works by 9,419.3% during the third quarter. Federated Investors Inc. PA now owns 923,280 shares of the utilities provider’s stock worth $81,221,000 after purchasing an additional 913,581 shares during the period. Vanguard Group Inc raised its stake in American Water Works by 2.3% during the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after purchasing an additional 436,131 shares during the period. BlackRock Inc. raised its stake in American Water Works by 3.1% during the third quarter. BlackRock Inc. now owns 14,023,195 shares of the utilities provider’s stock worth $1,233,619,000 after purchasing an additional 417,354 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in American Water Works by 66.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 692,358 shares of the utilities provider’s stock worth $62,845,000 after purchasing an additional 276,116 shares during the period. Finally, California Public Employees Retirement System raised its stake in American Water Works by 40.2% during the fourth quarter. California Public Employees Retirement System now owns 932,573 shares of the utilities provider’s stock worth $84,650,000 after purchasing an additional 267,380 shares during the period. 83.18% of the stock is currently owned by hedge funds and other institutional investors.
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American Water Works Company Profile (NYSE:AWK)
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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