HCR Wealth Advisors Lowers Holdings in American Water Works Company, Inc. (NYSE:AWK)

HCR Wealth Advisors trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,932 shares of the utilities provider’s stock after selling 85 shares during the period. HCR Wealth Advisors’ holdings in American Water Works were worth $3,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AWK. Catalyst Capital Advisors LLC raised its position in 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 purchasing an additional 182 shares during the period. Rosenberg Matthew Hamilton boosted its stake in American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 90 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in American Water Works in the third quarter worth about $51,000. Assetmark Inc. increased its holdings in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 89 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in American Water Works by 446.2% during the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 348 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 0.9 %

American Water Works stock opened at $123.59 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company’s fifty day simple moving average is $129.96 and its 200-day simple moving average is $137.13. The stock has a market cap of $24.09 billion, a P/E ratio of 24.47, a P/E/G ratio of 3.03 and a beta of 0.71.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Bank of America reissued an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $141.00.

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.