American Water Works Company, Inc. (NYSE:AWK) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,712 shares of the utilities provider’s stock after purchasing an additional 161 shares during the period. Miracle Mile Advisors LLC’s holdings in American Water Works were worth $331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. lifted its position 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 acquiring an additional 103 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in American Water Works in the 4th quarter worth approximately $26,000. ORG Partners LLC raised its holdings in American Water Works by 79.2% in the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 103 shares during the last quarter. Tortoise Investment Management LLC lifted its stake 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 worth $32,000 after purchasing an additional 100 shares during the period. Finally, Quarry LP acquired a new stake in shares of American Water Works during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $127.81 on Tuesday. The business has a 50-day moving average of $129.05 and a two-hundred day moving average of $125.52. The firm has a market capitalization of $24.90 billion, a PE ratio of 25.92, a P/E/G ratio of 3.08 and a beta of 0.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.22.

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

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th were paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, May 13th. This is an increase from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s dividend payout ratio (DPR) is currently 62.07%.

Analysts Set New Price Targets

Several research firms recently weighed in on AWK. UBS Group increased their target price on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, American Water Works has a consensus rating of “Hold” and an average target price of $141.33.

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.