Fort Washington Investment Advisors Inc. OH Has $5.38 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Fort Washington Investment Advisors Inc. OH lifted its position in American Water Works Company, Inc. (NYSE:AWK) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,638 shares of the utilities provider’s stock after acquiring an additional 1,075 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in American Water Works were worth $5,378,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Moody National Bank Trust Division raised its position in shares of American Water Works by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after acquiring an additional 88 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of American Water Works by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock valued at $2,581,000 after buying an additional 95 shares during the last quarter. Journey Advisory Group LLC boosted its holdings in shares of American Water Works by 5.6% in the 4th quarter. Journey Advisory Group LLC now owns 1,900 shares of the utilities provider’s stock valued at $251,000 after buying an additional 100 shares during the last quarter. Presima Securities ULC boosted its holdings in shares of American Water Works by 1.9% in the 4th quarter. Presima Securities ULC now owns 5,470 shares of the utilities provider’s stock valued at $722,000 after buying an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of AWK opened at $143.12 on Friday. The firm has a market cap of $27.88 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 3.44 and a beta of 0.67. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $149.00. The business’s 50 day moving average price is $138.23 and its two-hundred day moving average price is $128.81. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 0.64.

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

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors 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 2.14%. American Water Works’s dividend payout ratio (DPR) is 62.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AWK shares. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. UBS Group lifted their target price on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.17.

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.