Kentucky Trust Co Takes $215,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Kentucky Trust Co bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,730 shares of the utilities provider’s stock, valued at approximately $215,000.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in American Water Works by 1.9% during the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after purchasing an additional 214,082 shares in the last quarter. Geode Capital Management LLC boosted its position in American Water Works by 1.0% in the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after buying an additional 43,754 shares in the last quarter. Nordea Investment Management AB grew its stake in American Water Works by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after buying an additional 125,128 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after buying an additional 143,914 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on AWK. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $139.38.

American Water Works Stock Up 1.7 %

NYSE:AWK opened at $125.17 on Wednesday. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.62 and a beta of 0.72. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The stock has a 50-day moving average price of $125.67 and a two-hundred day moving average price of $135.66. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.44%. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

American Water Works 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.