American Water Works Company, Inc. (NYSE:AWK) Stock Position Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its position in American Water Works Company, Inc. (NYSE:AWK) by 49.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,485 shares of the utilities provider’s stock after purchasing an additional 9,464 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Water Works were worth $3,658,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AWK. Tredje AP fonden increased its position in American Water Works by 301.3% in the 2nd quarter. Tredje AP fonden now owns 29,259 shares of the utilities provider’s stock valued at $3,779,000 after acquiring an additional 21,968 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of American Water Works by 14.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,076 shares of the utilities provider’s stock worth $2,980,000 after purchasing an additional 2,827 shares in the last quarter. Sargent Investment Group LLC acquired a new position in shares of American Water Works during the second quarter valued at $349,000. Wulff Hansen & CO. raised its stake in shares of American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after purchasing an additional 1,453,334 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in American Water Works by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 718,178 shares of the utilities provider’s stock worth $92,761,000 after purchasing an additional 70,205 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

AWK has been the topic of several research analyst reports. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 target price on shares of American Water Works in a report on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $140.33.

American Water Works Price Performance

Shares of NYSE AWK opened at $149.12 on Friday. The firm has a 50-day moving average of $143.12 and a two-hundred day moving average of $131.51. The company has a market capitalization of $29.05 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 3.49 and a beta of 0.69. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. As a group, analysts expect that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, August 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.