Cbre Investment Management Listed Real Assets LLC Raises Position in American Water Works Company, Inc. (NYSE:AWK)

Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,725 shares of the utilities provider’s stock after purchasing an additional 625 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in American Water Works were worth $588,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Crews Bank & Trust bought a new position in American Water Works in the 4th quarter valued at $26,000. Providence First Trust Co purchased a new position in shares of American Water Works in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new position in shares of American Water Works in the fourth quarter valued at about $28,000. Catalyst Capital Advisors LLC increased its position in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 182 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in shares of American Water Works during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AWK. Wells Fargo & Company boosted their price objective on shares of American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $140.57.

American Water Works Stock Performance

AWK stock opened at $139.51 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The business’s fifty day simple moving average is $126.36 and its two-hundred day simple moving average is $134.35. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The firm has a market cap of $27.20 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.80 and a beta of 0.72.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. Analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th were given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, February 7th. American Water Works’s payout ratio is 56.77%.

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.