American Water Works Company, Inc. (NYSE:AWK) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 271,124 shares of the utilities provider’s stock after acquiring an additional 43,406 shares during the period. Wellington Management Group LLP owned 0.14% of American Water Works worth $35,786,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AWK. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of American Water Works during the third quarter valued at $742,000. LPL Financial LLC boosted its stake in American Water Works by 14.9% in the 3rd quarter. LPL Financial LLC now owns 288,727 shares of the utilities provider’s stock worth $35,753,000 after buying an additional 37,514 shares during the last quarter. Mariner LLC boosted its stake in American Water Works by 13.6% in the 3rd quarter. Mariner LLC now owns 33,182 shares of the utilities provider’s stock worth $4,109,000 after buying an additional 3,970 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in American Water Works by 132.1% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,788 shares of the utilities provider’s stock worth $593,000 after buying an additional 2,725 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Water Works in the 3rd quarter worth about $429,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. UBS Group lifted their price objective on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $141.33.

American Water Works Stock Performance

NYSE AWK opened at $130.54 on Monday. The firm has a market capitalization of $25.43 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.11 and a beta of 0.67. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $151.22. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. The business’s 50-day simple moving average is $127.68 and its 200-day simple moving average is $125.60.

American Water Works (NYSE:AWK) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. Equities analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current year.

American Water Works Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were issued a dividend of $0.765 per share. This is an increase from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Monday, May 13th. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

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.