E Fund Management Co. Ltd. Takes $48,000 Position in American Water Works Company, Inc. (NYSE:AWK)

E Fund Management Co. Ltd. bought a new position in American Water Works Company, Inc. (NYSE:AWK) in the 1st quarter, Holdings Channel.com reports. The fund bought 318 shares of the utilities provider’s stock, valued at approximately $48,000.

A number of other institutional investors have also recently modified their holdings of AWK. Eagle Capital Management LLC boosted its holdings in American Water Works by 1.7% in the 4th quarter. Eagle Capital Management LLC now owns 36,548 shares of the utilities provider’s stock worth $5,609,000 after buying an additional 599 shares during the period. AE Wealth Management LLC boosted its holdings in American Water Works by 41.6% in the 4th quarter. AE Wealth Management LLC now owns 2,662 shares of the utilities provider’s stock worth $409,000 after buying an additional 782 shares during the period. First Trust Advisors LP boosted its holdings in American Water Works by 0.4% in the 4th quarter. First Trust Advisors LP now owns 226,264 shares of the utilities provider’s stock worth $34,725,000 after buying an additional 967 shares during the period. Treasurer of the State of North Carolina boosted its holdings in American Water Works by 0.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 69,491 shares of the utilities provider’s stock worth $10,665,000 after buying an additional 240 shares during the period. Finally, Mattern Capital Management LLC boosted its holdings in American Water Works by 0.6% in the 4th quarter. Mattern Capital Management LLC now owns 34,981 shares of the utilities provider’s stock worth $5,369,000 after buying an additional 217 shares during the period. 81.68% of the stock is owned by institutional investors.

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

In other news, SVP Melanie M. Kennedy sold 661 shares of the company’s stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $154.55, for a total transaction of $102,157.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

Shares of NYSE AWK opened at $159.73 on Friday. The firm’s 50-day simple moving average is $155.11. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.60 and a quick ratio of 0.58. The stock has a market cap of $28.99 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 4.59 and a beta of 0.21. American Water Works Company, Inc. has a 12-month low of $120.67 and a 12-month high of $172.56.

American Water Works (NYSE:AWK) last announced its earnings results on Sunday, May 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The firm had revenue of $888.00 million for 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%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, equities analysts forecast that American Water Works Company, Inc. will post 4.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Tuesday, May 11th were given a dividend of $0.6025 per share. This represents a $2.41 annualized dividend and a dividend yield of 1.51%. 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 is currently 61.79%.

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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