Dimensional Fund Advisors LP Has $92.76 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Dimensional Fund Advisors LP raised its stake in American Water Works Company, Inc. (NYSE:AWK) by 10.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 718,178 shares of the utilities provider’s stock after buying an additional 70,205 shares during the quarter. Dimensional Fund Advisors LP owned 0.37% of American Water Works worth $92,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of American Water Works in the 4th quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in shares of American Water Works in the 2nd quarter valued at $30,000. Farmers & Merchants Investments Inc. raised 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 worth $31,000 after buying an additional 127 shares during the period. Tortoise Investment Management LLC lifted its holdings in American Water Works by 71.9% during the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Quarry LP acquired a new position in American Water Works in the fourth quarter valued at about $34,000. Institutional investors own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now directly owns 36,880 shares in the company, valued at $5,268,308. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.08% of the company’s stock.

American Water Works Stock Performance

Shares of AWK stock opened at $145.07 on Wednesday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company’s fifty day simple moving average is $143.62 and its 200-day simple moving average is $132.24. The firm has a market cap of $28.26 billion, a PE ratio of 29.43, 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.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $1.44 earnings per share. Equities research analysts expect that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were paid 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 2.11%. American Water Works’s dividend payout ratio is 62.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AWK shares. Bank of America reaffirmed an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price target 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 price objective on shares of American Water Works in a research report on Thursday, September 19th. Finally, Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus target price of $140.29.

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.