Cullen Capital Management LLC Raises Position in American Water Works Company, Inc. (NYSE:AWK)

Cullen Capital Management LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWKFree Report) by 59.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,648 shares of the utilities provider’s stock after buying an additional 2,110 shares during the period. Cullen Capital Management LLC’s holdings in American Water Works were worth $745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AWK. Norges Bank purchased a new stake in shares of American Water Works in the fourth quarter worth $275,476,000. Boston Partners purchased a new stake in American Water Works during the fourth quarter valued at about $92,838,000. Assenagon Asset Management S.A. raised its position in American Water Works by 7,752.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock valued at $63,803,000 after purchasing an additional 477,235 shares in the last quarter. International Assets Investment Management LLC raised its position in American Water Works by 12,606.5% during the fourth quarter. International Assets Investment Management LLC now owns 463,913 shares of the utilities provider’s stock valued at $612,320,000 after purchasing an additional 460,262 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in American Water Works by 1,173.5% during the third quarter. Clearbridge Investments LLC now owns 336,650 shares of the utilities provider’s stock valued at $41,687,000 after purchasing an additional 310,214 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 0.3 %

Shares of NYSE:AWK opened at $128.62 on Tuesday. The stock’s 50-day moving average price is $125.82 and its 200-day moving average price is $125.76. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $151.22. The stock has a market capitalization of $25.06 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.26.

American Water Works (NYSE:AWKGet Free Report) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were paid a $0.765 dividend. The ex-dividend date of this dividend was Monday, May 13th. This is a boost from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a dividend yield of 2.38%. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AWK shares. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. UBS Group raised their price target on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $141.33.

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About American Water Works

(Free Report)

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.

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

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