1,473 Shares in American Water Works Company, Inc. (NYSE:AWK) Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,473 shares of the utilities provider’s stock, valued at approximately $190,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Ables Iannone Moore & Associates Inc. bought a new position in shares of American Water Works during the fourth quarter valued at $26,000. ORG Partners LLC bought a new stake in American Water Works during the 2nd quarter valued at about $30,000. Farmers & Merchants Investments Inc. increased its stake in American Water Works by 100.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 127 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in American Water Works by 71.9% in the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Finally, Quarry LP bought a new position in shares of American Water Works in the fourth quarter worth approximately $34,000. 86.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AWK. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Bank of America reaffirmed an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday. Finally, Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus price target of $140.29.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company’s 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 completion of the sale, the director now owns 36,880 shares in the company, valued at $5,268,308. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.08% of the stock is owned by company insiders.

American Water Works Trading Up 0.2 %

American Water Works stock opened at $147.52 on Tuesday. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The company has a market cap of $28.74 billion, a P/E ratio of 29.92, a P/E/G ratio of 3.49 and a beta of 0.69. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The business has a 50-day simple moving average of $143.50 and a two-hundred day simple moving average of $132.06.

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

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were issued a $0.765 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.07%. American Water Works’s dividend payout ratio is currently 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.