PFW Advisors LLC Purchases Shares of 14,326 American Water Works Company, Inc. (NYSE:AWK)

PFW Advisors LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,326 shares of the utilities provider’s stock, valued at approximately $1,783,000.

Several other institutional investors and hedge funds have also modified their holdings of AWK. Acadian Asset Management LLC acquired a new position in American Water Works in the second quarter valued at approximately $357,000. Meeder Advisory Services Inc. increased its holdings in American Water Works by 21.6% in the second quarter. Meeder Advisory Services Inc. now owns 3,917 shares of the utilities provider’s stock valued at $506,000 after buying an additional 697 shares in the last quarter. Parallel Advisors LLC raised its position in shares of American Water Works by 5.7% in the second quarter. Parallel Advisors LLC now owns 4,888 shares of the utilities provider’s stock worth $631,000 after acquiring an additional 263 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of American Water Works by 26.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,142 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 451 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of American Water Works by 21.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 30,928 shares of the utilities provider’s stock valued at $3,995,000 after acquiring an additional 5,541 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of American Water Works stock traded down $0.22 on Monday, hitting $120.90. 1,548,040 shares of the company were exchanged, compared to its average volume of 1,008,478. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average price of $130.53 and a 200 day moving average price of $137.24. The stock has a market capitalization of $23.56 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. 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 $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is currently 60.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. UBS Group raised shares of 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 report on Tuesday, November 19th. Finally, Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.