American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by PFG Investments LLC

PFG Investments LLC grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,993 shares of the utilities provider’s stock after acquiring an additional 816 shares during the quarter. PFG Investments LLC’s holdings in American Water Works were worth $1,807,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of American Water Works during the 4th quarter valued at $26,000. ORG Partners LLC acquired a new position in American Water Works during the second quarter worth about $30,000. Farmers & Merchants Investments Inc. raised its position in American Water Works by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 127 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Quarry LP bought a new position in shares of American Water Works during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

American Water Works Stock Performance

Shares of AWK opened at $145.97 on Tuesday. The company has a 50-day moving average of $140.23 and a two-hundred day moving average of $130.00. The stock has a market cap of $28.44 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 3.42 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 one year low of $113.34 and a one year high of $149.00.

American Water Works (NYSE:AWK) last issued its quarterly earnings results 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 9.60%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $1.44 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect 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 was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.765 per share. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.10%. American Water Works’s dividend payout ratio is 62.07%.

Wall Street Analysts Forecast Growth

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 stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.