Tidal Investments LLC Acquires 7,988 Shares of American Water Works Company, Inc. (NYSE:AWK)

Tidal Investments LLC increased its position in American Water Works Company, Inc. (NYSE:AWK) by 33.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,900 shares of the utilities provider’s stock after acquiring an additional 7,988 shares during the period. Tidal Investments LLC’s holdings in American Water Works were worth $3,898,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of American Water Works by 7.4% in the first quarter. California State Teachers Retirement System now owns 420,963 shares of the utilities provider’s stock worth $51,446,000 after acquiring an additional 29,100 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of American Water Works by 20.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 14,082 shares of the utilities provider’s stock worth $1,744,000 after acquiring an additional 2,358 shares during the period. BROOKFIELD Corp ON grew its holdings in shares of American Water Works by 11.9% in the first quarter. BROOKFIELD Corp ON now owns 36,402 shares of the utilities provider’s stock worth $4,449,000 after acquiring an additional 3,870 shares during the period. Ascent Group LLC grew its holdings in shares of American Water Works by 7.3% in the first quarter. Ascent Group LLC now owns 11,496 shares of the utilities provider’s stock worth $1,405,000 after acquiring an additional 783 shares during the period. Finally, Magnetar Financial LLC grew its holdings in shares of American Water Works by 18.1% in the first quarter. Magnetar Financial LLC now owns 24,816 shares of the utilities provider’s stock worth $3,033,000 after acquiring an additional 3,801 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of American Water Works stock traded up $2.29 during trading hours on Friday, hitting $146.79. The company’s stock had a trading volume of 103,212 shares, compared to its average volume of 1,291,204. The business has a 50 day moving average price of $133.01 and a two-hundred day moving average price of $126.41. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $148.16. The company has a market cap of $28.60 billion, a PE ratio of 29.31, a PEG ratio of 3.39 and a beta of 0.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.79 and a current ratio of 0.85.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.66%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. American Water Works’s revenue was up 4.7% on a year-over-year basis. Analysts expect that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th will be given a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.08%. American Water Works’s payout ratio is 62.07%.

Analyst Ratings Changes

Several research firms recently weighed in on AWK. UBS Group lifted their target price on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $127.00 to $138.00 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $141.17.

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.