Miller Howard Investments Inc. NY Makes New $733,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

Miller Howard Investments Inc. NY bought a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,674 shares of the utilities provider's stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AWK. Norges Bank acquired a new position in shares of American Water Works in the fourth quarter worth about $275,476,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of American Water Works by 945.5% in the fourth 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 buying an additional 1,633,389 shares during the period. M&G Plc acquired a new position in shares of American Water Works in the first quarter worth about $108,688,000. Boston Partners acquired a new position in shares of American Water Works in the fourth quarter worth about $92,838,000. Finally, Vanguard Group Inc. boosted its holdings in shares of American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider's stock worth $3,012,272,000 after purchasing an additional 624,977 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

American Water Works Stock Up 0.0 %

AWK traded up $0.05 during midday trading on Thursday, hitting $141.82. 811,241 shares of the company's stock traded hands, compared to its average volume of 1,239,459. The company has a market cap of $27.63 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.67. The stock's fifty day simple moving average is $138.00 and its 200-day simple moving average is $128.72. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.79. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $149.00.

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 the consensus estimate of $1.47 by ($0.05). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. American Water Works's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 EPS. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.25 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm 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. This represents a $3.06 annualized dividend and a yield of 2.16%. The ex-dividend date is Tuesday, August 13th. American Water Works's payout ratio is presently 62.07%.

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.