1,081 Shares in American Water Works Company, Inc. (NYSE:AWK) Bought by Mather Group LLC.

Mather Group LLC. bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,081 shares of the utilities provider’s stock, valued at approximately $143,000.

Other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in American Water Works by 15.8% during the third quarter. Kestra Advisory Services LLC now owns 12,830 shares of the utilities provider’s stock worth $1,589,000 after purchasing an additional 1,747 shares during the period. Rafferty Asset Management LLC lifted its position in American Water Works by 11.5% during the third quarter. Rafferty Asset Management LLC now owns 19,844 shares of the utilities provider’s stock worth $2,457,000 after purchasing an additional 2,052 shares during the period. QRG Capital Management Inc. bought a new stake in American Water Works during the third quarter worth about $657,000. Envestnet Portfolio Solutions Inc. bought a new stake in American Water Works during the third quarter worth about $742,000. Finally, Envestnet Asset Management Inc. raised its stake in American Water Works by 741.5% during the third quarter. Envestnet Asset Management Inc. now owns 318,215 shares of the utilities provider’s stock worth $39,405,000 after acquiring an additional 280,402 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of AWK opened at $130.25 on Friday. The business’s fifty day moving average is $127.40 and its 200 day moving average is $125.71. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $151.22. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.26. The stock has a market cap of $25.38 billion, a P/E ratio of 26.42, a P/E/G ratio of 3.11 and a beta of 0.67.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $962.30 million. American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. Sell-side analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.35%. This is an increase from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, May 13th. American Water Works’s payout ratio is currently 62.07%.

Analyst Upgrades and Downgrades

AWK has been the subject of several recent research reports. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. UBS Group upped their target price on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $141.33.

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.