Symphony Financial Ltd. Co. Buys 300 Shares of American Water Works Company, Inc. (NYSE:AWK)


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Symphony Financial Ltd. Co. grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,205 shares of the utilities provider’s stock after purchasing an additional 300 shares during the period. Symphony Financial Ltd. Co.’s holdings in American Water Works were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC grew its stake in shares of American Water Works by 20.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 394 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 67 shares during the period. IFP Advisors Inc grew its position in American Water Works by 1.7% during the 3rd quarter. IFP Advisors Inc now owns 4,130 shares of the utilities provider’s stock worth $600,000 after acquiring an additional 69 shares during the last quarter. Integrated Advisors Network LLC grew its position in American Water Works by 2.6% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,707 shares of the utilities provider’s stock worth $392,000 after acquiring an additional 69 shares during the last quarter. Texas Yale Capital Corp. grew its position in American Water Works by 0.8% during the 3rd quarter. Texas Yale Capital Corp. now owns 8,845 shares of the utilities provider’s stock worth $1,281,000 after acquiring an additional 70 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in American Water Works by 1.0% during the 3rd quarter. Ballentine Partners LLC now owns 8,189 shares of the utilities provider’s stock worth $1,187,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

AWK stock opened at $159.69 on Thursday. The business’s fifty day moving average is $151.54 and its 200-day moving average is $147.77. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 1.47. The company has a market cap of $28.95 billion, a P/E ratio of 43.75, a price-to-earnings-growth ratio of 4.57 and a beta of 0.18. American Water Works Company, Inc. has a twelve month low of $92.00 and a twelve month high of $172.56.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Monday, November 9th. The utilities provider reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.08. American Water Works had a net margin of 17.63% and a return on equity of 11.03%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that American Water Works Company, Inc. will post 3.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Monday, February 8th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, February 5th. American Water Works’s dividend payout ratio is currently 60.94%.

A number of equities research analysts recently commented on AWK shares. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Monday, November 9th. Atlantic Securities started coverage on American Water Works in a research report on Thursday, January 7th. They set an “overweight” rating and a $173.00 price target on the stock. Janney Montgomery Scott lowered American Water Works from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 13th. Barclays increased their price target on American Water Works from $138.00 to $173.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 18th. Finally, HSBC raised American Water Works from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a report on Monday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $148.00.

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 16 states serving approximately 3.4 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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