Mirae Asset Global Investments Co. Ltd. Has $5.50 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 43.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,691 shares of the utilities provider’s stock after selling 27,649 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in American Water Works were worth $5,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Water Works by 4.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,152 shares of the utilities provider’s stock valued at $64,788,000 after purchasing an additional 17,690 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in American Water Works by 1.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 244,567 shares of the utilities provider’s stock valued at $36,665,000 after purchasing an additional 3,607 shares during the last quarter. Forsta AP Fonden lifted its stake in American Water Works by 9.5% in the 1st quarter. Forsta AP Fonden now owns 35,600 shares of the utilities provider’s stock valued at $5,337,000 after purchasing an additional 3,100 shares during the last quarter. Shilanski & Associates Inc. raised its stake in shares of American Water Works by 8.3% during the first quarter. Shilanski & Associates Inc. now owns 24,645 shares of the utilities provider’s stock valued at $3,695,000 after acquiring an additional 1,888 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in shares of American Water Works by 7.9% during the first quarter. Royal London Asset Management Ltd. now owns 67,910 shares of the utilities provider’s stock valued at $10,181,000 after acquiring an additional 4,980 shares during the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

AWK opened at $154.76 on Friday. American Water Works Company, Inc. has a twelve month low of $120.67 and a twelve month high of $172.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.60. The business’s fifty day moving average price is $156.25. The firm has a market capitalization of $28.08 billion, a PE ratio of 39.49, a PEG ratio of 4.56 and a beta of 0.21.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Sunday, May 2nd. The utilities provider reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The company had revenue of $888.00 million during the quarter, compared to analysts’ expectations of $923.90 million. American Water Works had a net margin of 18.79% and a return on equity of 11.09%. American Water Works’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 4.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Tuesday, May 11th were issued a $0.6025 dividend. This represents a $2.41 dividend on an annualized basis and a yield of 1.56%. This is a boost from American Water Works’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, May 10th. American Water Works’s dividend payout ratio (DPR) is presently 61.79%.

Several equities analysts have recently issued reports on AWK shares. Janney Montgomery Scott raised shares of American Water Works from a “neutral” rating to a “buy” rating and set a $159.00 price target for the company in a research note on Thursday, March 4th. Barclays raised their price target on shares of American Water Works from $154.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 25th. Finally, Argus reaffirmed a “hold” rating on shares of American Water Works in a research note on Tuesday, May 18th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. American Water Works presently has a consensus rating of “Buy” and an average price target of $169.20.

In other American Water Works news, SVP Melanie M. Kennedy sold 661 shares of the firm’s stock in a transaction on Thursday, May 20th. The shares were sold at an average price of $154.55, for a total value of $102,157.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

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 16 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, such as 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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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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