AQR Capital Management LLC Has $4.02 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

AQR Capital Management LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,283 shares of the utilities provider’s stock after purchasing an additional 5,564 shares during the quarter. AQR Capital Management LLC’s holdings in American Water Works were worth $4,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of American Water Works by 945.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock worth $238,397,000 after buying an additional 1,633,389 shares during the period. Wulff Hansen & CO. boosted its stake in shares of American Water Works by 12,816.0% in the 2nd 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. M&G Plc bought a new stake in shares of American Water Works in the 1st quarter worth about $108,688,000. Vanguard Group Inc. increased its position in shares of American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after purchasing an additional 624,977 shares in the last quarter. Finally, Nuance Investments LLC boosted its position in American Water Works by 70.3% in the first quarter. Nuance Investments LLC now owns 958,309 shares of the utilities provider’s stock valued at $117,115,000 after buying an additional 395,684 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Buying and Selling

In related news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Bank of America reissued an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.29.

American Water Works Trading Down 1.5 %

Shares of AWK opened at $142.57 on Friday. The business’s fifty day moving average is $144.14 and its 200-day moving average is $133.60. 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 debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 3.55 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share 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 company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $1.44 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works’s payout ratio 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.