Alpha Paradigm Partners LLC Boosts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Alpha Paradigm Partners LLC boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 11.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,183 shares of the utilities provider’s stock after purchasing an additional 233 shares during the period. Alpha Paradigm Partners LLC’s holdings in American Water Works were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AWK. Mercer Global Advisors Inc. ADV boosted its position in American Water Works by 9.4% in the first quarter. Mercer Global Advisors Inc. ADV now owns 4,792 shares of the utilities provider’s stock worth $718,000 after purchasing an additional 413 shares during the last quarter. Quilter Plc boosted its position in American Water Works by 8.1% in the first quarter. Quilter Plc now owns 104,507 shares of the utilities provider’s stock worth $15,668,000 after purchasing an additional 7,859 shares during the last quarter. JPMorgan Chase & Co. boosted its position in American Water Works by 16.0% in the first quarter. JPMorgan Chase & Co. now owns 587,957 shares of the utilities provider’s stock worth $88,144,000 after purchasing an additional 81,306 shares during the last quarter. Quadrant Capital Group LLC boosted its position in American Water Works by 15.3% in the first quarter. Quadrant Capital Group LLC now owns 1,506 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 200 shares during the last quarter. Finally, Waddell & Reed Financial Inc. boosted its position in American Water Works by 6.0% in the first quarter. Waddell & Reed Financial Inc. now owns 18,308 shares of the utilities provider’s stock worth $2,745,000 after purchasing an additional 1,044 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Water Works stock opened at $169.40 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $30.75 billion, a PE ratio of 41.02, a price-to-earnings-growth ratio of 5.40 and a beta of 0.23. The business’s 50-day moving average price is $178.47 and its 200-day moving average price is $165.24. American Water Works Company, Inc. has a 12 month low of $131.01 and a 12 month high of $189.35.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Sunday, August 1st. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $999.00 million for the quarter, compared to analyst estimates of $1.01 billion. American Water Works had a return on equity of 11.42% and a net margin of 19.26%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. As a group, analysts predict that American Water Works Company, Inc. will post 4.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Tuesday, August 10th were given a dividend of $0.603 per share. The ex-dividend date was Monday, August 9th. This is a positive change from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.41 annualized dividend and a dividend yield of 1.42%. American Water Works’s dividend payout ratio is 61.79%.

A number of brokerages have recently commented on AWK. HSBC cut American Water Works from a “buy” rating to a “hold” rating and upped their price target for the company from $181.00 to $190.00 in a research report on Wednesday, September 1st. They noted that the move was a valuation call. Barclays increased their price objective on American Water Works from $170.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, July 15th. Argus raised American Water Works from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Friday, August 6th. Bank of America cut American Water Works from a “neutral” rating to an “underperform” rating and set a $178.00 price objective on the stock. in a report on Monday, September 27th. Finally, Janney Montgomery Scott cut American Water Works from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $159.00 to $181.00 in a report on Wednesday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $181.43.

American Water Works Profile

American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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