Miracle Mile Advisors LLC Has $408,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Miracle Mile Advisors LLC grew its position in American Water Works Company, Inc. (NYSE:AWK) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,790 shares of the utilities provider’s stock after purchasing an additional 79 shares during the period. Miracle Mile Advisors LLC’s holdings in American Water Works were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWK. Cora Capital Advisors LLC bought a new position in American Water Works during the third quarter worth about $222,000. GAMMA Investing LLC raised its position in shares of American Water Works by 11.8% during the third quarter. GAMMA Investing LLC now owns 2,611 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 275 shares during the period. Czech National Bank lifted its holdings in shares of American Water Works by 6.9% during the 3rd quarter. Czech National Bank now owns 39,695 shares of the utilities provider’s stock valued at $5,805,000 after purchasing an additional 2,570 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of American Water Works by 5.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 106,051 shares of the utilities provider’s stock valued at $15,509,000 after purchasing an additional 5,662 shares during the period. Finally, Mirador Capital Partners LP increased its stake in American Water Works by 6.4% during the 3rd quarter. Mirador Capital Partners LP now owns 8,333 shares of the utilities provider’s stock worth $1,219,000 after purchasing an additional 500 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Up 0.3 %

Shares of American Water Works stock opened at $137.39 on Wednesday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The stock has a market cap of $26.77 billion, a P/E ratio of 27.87, a P/E/G ratio of 3.55 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’s 50 day moving average is $144.05 and its 200-day moving average is $133.84.

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). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. American Water Works’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that American Water Works Company, Inc. will post 5.27 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors 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 2.23%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works’s payout ratio is currently 62.07%.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction that occurred on 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 directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AWK shares. Wells Fargo & Company cut shares of 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 report on Wednesday, July 31st. Jefferies Financial Group assumed coverage on shares of American Water Works in a research note on Monday. They issued an “underperform” rating and a $124.00 target price for the company. Bank of America reissued an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Wolfe Research raised 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 issued a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, American Water Works currently has an average rating of “Hold” and an average target price of $138.25.

About American Water Works

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.