American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,307,732 shares of the utilities provider's stock after purchasing an additional 4,416 shares during the quarter. Bank of New York Mellon Corp owned 0.67% of American Water Works worth $168,907,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider's stock worth $3,012,272,000 after acquiring an additional 624,977 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of American Water Works by 153.8% during the 1st quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider's stock worth $1,667,000 after purchasing an additional 8,266 shares during the last quarter. Duality Advisers LP raised its position in shares of American Water Works by 202.2% during the 1st quarter. Duality Advisers LP now owns 46,633 shares of the utilities provider's stock worth $5,699,000 after purchasing an additional 31,203 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of American Water Works by 945.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider's stock worth $238,397,000 after purchasing an additional 1,633,389 shares during the last quarter. Finally, Parsifal Capital Management LP acquired a new position in shares of American Water Works during the 4th quarter worth about $44,441,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

AWK stock traded up $0.60 during mid-day trading on Monday, reaching $141.02. The company's stock had a trading volume of 418,788 shares, compared to its average volume of 1,247,819. The stock has a market cap of $27.47 billion, a PE ratio of 28.60, a P/E/G ratio of 3.44 and a beta of 0.67. The company has a current ratio of 0.64, a quick ratio of 0.79 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $149.00. The company's 50 day moving average is $137.58 and its two-hundred day moving average is $128.50.

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

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be given 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 dividend yield of 2.17%. American Water Works's payout ratio is currently 62.07%.

Analysts Set New Price Targets

Several research firms recently weighed in on AWK. UBS Group upped their price target on shares of American Water Works from $124.00 to $139.00 and gave the stock a "neutral" rating in a research report on Monday, May 13th. Wells Fargo & Company downgraded shares of American Water Works from an "equal weight" rating to an "underweight" rating and increased their price objective for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, American Water Works presently has a consensus rating of "Hold" and an average target price of $141.17.

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.