Czech National Bank Raises Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Czech National Bank grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,695 shares of the utilities provider’s stock after acquiring an additional 2,570 shares during the period. Czech National Bank’s holdings in American Water Works were worth $5,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AWK. Asset Dedication LLC lifted its stake in shares of American Water Works by 1.6% during the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after buying an additional 85 shares in the last quarter. Moody National Bank Trust Division lifted its stake in shares of American Water Works by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after buying an additional 88 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in American Water Works by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock worth $2,581,000 after purchasing an additional 95 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in American Water Works by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 16,730 shares of the utilities provider’s stock worth $2,161,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $142.57 on Friday. The company has a market capitalization 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 Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The firm’s 50-day moving average is $144.14 and its 200 day moving average is $133.60. 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 (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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. Research analysts predict that American Water Works Company, Inc. will post 5.27 EPS for the current year.

American Water Works Dividend Announcement

The company 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. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 annualized dividend and a yield of 2.15%. American Water Works’s payout ratio is 62.07%.

Analyst Ratings Changes

Several analysts have commented on AWK shares. Bank of America reiterated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Three research 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. Based on data from MarketBeat.com, the stock presently has an average 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 shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the transaction, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

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.