Buck Wealth Strategies LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,059 shares of the utilities provider’s stock, valued at approximately $3,867,000.
A number of other large investors also recently added to or reduced their stakes in AWK. Crews Bank & Trust acquired a new position in American Water Works during the 4th quarter worth about $26,000. Catalyst Capital Advisors LLC increased its stake in American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares during the period. Rosenberg Matthew Hamilton lifted its position in shares of American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 90 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of American Water Works in the third quarter valued at approximately $51,000. Finally, Assetmark Inc. grew its holdings in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently commented on AWK. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, American Water Works currently has an average rating of “Hold” and a consensus price target of $139.38.
American Water Works Stock Down 0.2 %
AWK opened at $123.58 on Thursday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.63 and a beta of 0.72. The business’s fifty day moving average is $126.79 and its two-hundred day moving average is $136.17. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58.
American Water Works Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is 60.59%.
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.
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