&Partners Takes Position in American Water Works Company, Inc. (NYSE:AWK)

&PARTNERS bought a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,727 shares of the utilities provider's stock, valued at approximately $352,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cultivar Capital Inc. acquired a new stake in shares of American Water Works in the second quarter worth $84,000. Perennial Advisors LLC increased its holdings in American Water Works by 2.2% in the 2nd quarter. Perennial Advisors LLC now owns 39,072 shares of the utilities provider's stock valued at $5,047,000 after purchasing an additional 853 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in American Water Works in the 2nd quarter valued at $269,000. Sanibel Captiva Trust Company Inc. purchased a new position in American Water Works in the second quarter valued at about $662,000. Finally, Cidel Asset Management Inc. lifted its stake in shares of American Water Works by 3.4% during the second quarter. Cidel Asset Management Inc. now owns 19,867 shares of the utilities provider's stock worth $2,566,000 after purchasing an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered American Water Works from an "equal weight" rating to an "underweight" rating and increased their target price for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. UBS Group increased their price objective on shares of American Water Works from $124.00 to $139.00 and gave the company a "neutral" rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $141.17.

American Water Works Stock Up 0.3 %

Shares of NYSE AWK traded up $0.40 during midday trading on Friday, reaching $140.42. 521,426 shares of the company's stock were exchanged, compared to its average volume of 1,252,906. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 0.64. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $149.00. The business's fifty day moving average price is $137.33 and its two-hundred day moving average price is $128.36. The stock has a market capitalization of $27.36 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 3.44 and a beta of 0.67.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $1.44 EPS. American Water Works's revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts forecast that American Water Works Company, Inc. will post 5.25 EPS for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th will be paid a dividend of $0.765 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.18%. American Water Works's dividend payout ratio (DPR) is 62.07%.

American Water Works Company 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 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.