Prossimo Advisors LLC Acquires Shares of 2,978 American Water Works Company, Inc. (NYSE:AWK)

Prossimo Advisors LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,978 shares of the utilities provider’s stock, valued at approximately $436,000.

Several other large investors have also made changes to their positions in AWK. Vanguard Group Inc. boosted its stake in American Water Works by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after acquiring an additional 624,977 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of American Water Works by 3.7% in the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after purchasing an additional 247,745 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after purchasing an additional 143,914 shares during the period. Mirova US LLC lifted its stake in American Water Works by 2.1% in the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after buying an additional 32,764 shares during the period. Finally, Wulff Hansen & CO. boosted its holdings in American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after buying an additional 1,453,334 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $136.00 on Friday. The company has a fifty day moving average price of $142.73 and a 200 day moving average price of $136.41. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The firm has a market cap of $26.51 billion, a PE ratio of 26.93, a PEG ratio of 3.26 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a return on equity of 9.84% and a net margin of 21.77%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts predict that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.765 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.25%. American Water Works’s dividend payout ratio is currently 60.59%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group initiated coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus price target of $140.00.

Insider Activity

In related news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.

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 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.