4,122 Shares in American Water Works Company, Inc. (NYSE:AWK) Purchased by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,122 shares of the utilities provider's stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in shares of American Water Works by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 120,124 shares of the utilities provider's stock worth $15,855,000 after acquiring an additional 6,486 shares during the last quarter. Fisher Asset Management LLC bought a new stake in American Water Works during the fourth quarter valued at about $230,000. Los Angeles Capital Management LLC purchased a new stake in American Water Works in the fourth quarter worth about $253,000. Sapient Capital LLC bought a new position in shares of American Water Works in the fourth quarter worth about $292,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of American Water Works by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,045,002 shares of the utilities provider's stock valued at $137,930,000 after buying an additional 24,661 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Price Performance

NYSE AWK traded up $0.63 on Wednesday, reaching $144.11. The company had a trading volume of 832,591 shares, compared to its average volume of 1,238,648. The stock has a market capitalization of $28.08 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.40 and a beta of 0.67. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $149.00. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The firm's 50 day moving average price is $138.98 and its 200 day moving average price is $129.34.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.47 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. American Water Works's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.26 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.12%. The ex-dividend date is Tuesday, August 13th. American Water Works's dividend payout ratio is presently 62.07%.

Analysts Set New Price Targets

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