AQR Capital Management LLC Has $4.02 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

AQR Capital Management LLC raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 21.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,283 shares of the utilities provider's stock after purchasing an additional 5,564 shares during the quarter. AQR Capital Management LLC's holdings in American Water Works were worth $4,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 during the period. Edgestream Partners L.P. raised its position in shares of American Water Works by 153.8% during the first quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider's stock valued at $1,667,000 after buying an additional 8,266 shares during the last quarter. Duality Advisers LP increased its position in American Water Works by 202.2% in the first 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 American Water Works by 945.5% during 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 valued at $238,397,000 after purchasing an additional 1,633,389 shares during the period. Finally, Parsifal Capital Management LP bought a new position in American Water Works during the fourth quarter valued at $44,441,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America reissued an "underperform" rating and set a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Wolfe Research raised shares of American Water Works to a "hold" rating in a report on Wednesday, September 18th. Royal Bank of Canada reissued an "outperform" rating and set a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Finally, Wells Fargo & Company lowered shares of American Water Works from an "equal weight" rating to an "underweight" rating and boosted their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $140.29.

American Water Works Price Performance

AWK traded down $2.11 during midday trading on Friday, reaching $142.57. 853,596 shares of the company's stock were exchanged, compared to its average volume of 1,224,978. The business's 50-day moving average price is $144.14 and its 200 day moving average price is $133.71. The stock has a market capitalization of $27.78 billion, a PE ratio of 28.92, a P/E/G ratio of 3.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68.

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 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 analysts' expectations of $1.10 billion. During the same period last year, the business posted $1.44 earnings per share. The company's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were issued a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.15%. American Water Works's dividend payout ratio is currently 62.07%.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares of the company's stock, valued at approximately $5,268,308. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by company insiders.

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.