Neo Ivy Capital Management Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Neo Ivy Capital Management purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,212 shares of the utilities provider’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Louisiana State Employees Retirement System bought a new position in American Water Works in the fourth quarter worth approximately $1,557,000. Fidelis Capital Partners LLC purchased a new position in American Water Works in the fourth quarter worth $239,000. J.W. Cole Advisors Inc. grew its holdings in American Water Works by 7.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 2,174 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 142 shares during the last quarter. abrdn plc grew its holdings in American Water Works by 19.9% in the fourth quarter. abrdn plc now owns 203,704 shares of the utilities provider’s stock worth $26,887,000 after purchasing an additional 33,813 shares during the last quarter. Finally, CWM LLC grew its holdings in American Water Works by 20.1% in the fourth quarter. CWM LLC now owns 8,943 shares of the utilities provider’s stock worth $1,180,000 after purchasing an additional 1,495 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AWK shares. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. UBS Group boosted their price objective on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, May 13th. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $141.17.

American Water Works Trading Down 0.0 %

Shares of American Water Works stock traded down $0.07 during mid-day trading on Tuesday, hitting $141.50. The stock had a trading volume of 86,243 shares, compared to its average volume of 1,261,645. The company has a quick ratio of 0.79, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The firm has a market cap of $27.57 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 3.44 and a beta of 0.67. The firm has a 50-day moving average of $136.37 and a two-hundred day moving average of $127.85. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $149.00.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. American Water Works’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.25 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th will be issued a dividend of $0.765 per share. The ex-dividend date is Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.16%. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

American Water Works Company 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.