Robeco Schweiz AG lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 13.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 728,744 shares of the utilities provider’s stock after purchasing an additional 88,517 shares during the quarter. American Water Works comprises about 1.8% of Robeco Schweiz AG’s investment portfolio, making the stock its 18th largest holding. Robeco Schweiz AG’s holdings in American Water Works were worth $94,125,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of the stock. QRG Capital Management Inc. raised its stake in shares of American Water Works by 12.1% in the 4th quarter. QRG Capital Management Inc. now owns 5,949 shares of the utilities provider’s stock worth $785,000 after buying an additional 643 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in American Water Works by 2.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,114 shares of the utilities provider’s stock valued at $807,000 after acquiring an additional 118 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in American Water Works by 12.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,082 shares of the utilities provider’s stock valued at $275,000 after acquiring an additional 224 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of American Water Works by 7.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 192,972 shares of the utilities provider’s stock valued at $25,764,000 after purchasing an additional 13,797 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of American Water Works by 20.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 18,552 shares of the utilities provider’s stock worth $2,449,000 after purchasing an additional 3,128 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
American Water Works Price Performance
NYSE AWK opened at $147.16 on Friday. 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 Company, Inc. has a 1 year low of $113.34 and a 1 year high of $149.00. The company has a market cap of $28.67 billion, a PE ratio of 29.85, a PEG ratio of 3.42 and a beta of 0.69. The stock’s 50-day moving average price is $141.39 and its two-hundred day moving average price is $130.44.
American Water Works Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.08%. American Water Works’s payout ratio is currently 62.07%.
Wall Street Analysts Forecast Growth
Separately, Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $141.17.
Check Out Our Latest Stock Report on American Water Works
Insider Transactions at American Water Works
In related news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction that occurred 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 owns 36,880 shares of the company’s stock, valued at $5,268,308. The sale was disclosed in a legal filing with the SEC, which is available through 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.
Recommended Stories
- Five stocks we like better than American Water Works
- Roth IRA Calculator: Calculate Your Potential Returns
- 3 Leveraged ETFs to Multiply Returns
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- A Tale of Two Titans: Unveiling the Value in Baidu and JD.com
- Best Aerospace Stocks Investing
- Is the AI-Capable iPhone 16 the Start of a Sales Super-Cycle?
Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK – Free Report).
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.