First Personal Financial Services Acquires 3,565 Shares of American Water Works Company, Inc. (NYSE:AWK)

First Personal Financial Services grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,255 shares of the utilities provider's stock after buying an additional 3,565 shares during the period. American Water Works accounts for 2.3% of First Personal Financial Services' portfolio, making the stock its 12th biggest position. First Personal Financial Services' holdings in American Water Works were worth $10,107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. bought a new position in American Water Works in the 4th quarter worth $26,000. ORG Partners LLC purchased a new position in shares of American Water Works in the 2nd quarter valued at approximately $30,000. Farmers & Merchants Investments Inc. lifted its stake in shares of American Water Works by 100.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 127 shares during the period. Tortoise Investment Management LLC boosted its position in shares of American Water Works by 71.9% during the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Quarry LP purchased a new stake in American Water Works in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Analysts Set New Price Targets

AWK has been the topic of a number of research reports. UBS Group boosted their target price on shares of American Water Works from $124.00 to $139.00 and gave the company 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 upped their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Two equities 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's stock. According to data from MarketBeat, American Water Works presently has a consensus rating of "Hold" and a consensus price target of $141.17.

American Water Works Stock Up 0.9 %

Shares of AWK traded up $1.30 during trading hours on Friday, hitting $143.12. The company had a trading volume of 1,799,468 shares, compared to its average volume of 1,242,995. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $149.00. The firm has a fifty day moving average price of $138.23 and a 200-day moving average price of $128.81. The stock has a market capitalization of $27.88 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 3.44 and a beta of 0.67. 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 (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.25 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th will be issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, August 13th. American Water Works's payout ratio is 62.07%.

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 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.

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