KBC Group NV Has $58.65 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

KBC Group NV lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 471,138 shares of the utilities provider’s stock after selling 37,547 shares during the quarter. KBC Group NV’s holdings in American Water Works were worth $58,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Lake Street Advisors Group LLC increased its holdings in shares of American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 75 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares during the last quarter. Miracle Mile Advisors LLC raised its position in shares of American Water Works by 2.9% in the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 79 shares during the period. Invesco LLC lifted its stake in shares of American Water Works by 3.4% during the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after buying an additional 82 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 6.9 %

AWK stock opened at $130.03 on Tuesday. The company has a market cap of $25.34 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71. 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 52 week low of $113.34 and a 52 week high of $150.68. The business has a 50-day simple moving average of $128.48 and a 200 day simple moving average of $136.85.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.35%. American Water Works’s dividend payout ratio is 60.59%.

Analyst Ratings Changes

Several brokerages have issued reports on AWK. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.00.

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.