Wealth Enhancement Advisory Services LLC Has $14.47 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Wealth Enhancement Advisory Services LLC grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,368 shares of the utilities provider’s stock after buying an additional 11,453 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.06% of American Water Works worth $14,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MV Capital Management Inc. increased its stake in shares of American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after buying an additional 103 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in shares of American Water Works during the 4th quarter valued at about $26,000. ORG Partners LLC boosted its position in shares of American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 103 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of American Water Works by 71.9% during the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Quarry LP bought a new stake 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.

Wall Street Analyst Weigh In

AWK has been the topic of several research analyst reports. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report 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 research report on Monday, May 13th. One research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $141.33.

American Water Works Stock Down 0.1 %

Shares of NYSE:AWK opened at $129.16 on Friday. The business’s 50 day simple moving average is $129.05 and its two-hundred day simple moving average is $125.63. The firm has a market cap of $25.16 billion, a P/E ratio of 26.20, a PEG ratio of 3.09 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 Company, Inc. has a 52-week low of $113.34 and a 52-week high of $151.22.

American Water Works (NYSE:AWK) last announced 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 firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. As a group, research analysts forecast that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th were paid a $0.765 dividend. The ex-dividend date was Monday, May 13th. 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 2.37%. American Water Works’s dividend payout ratio is 62.07%.

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.