Tyche Wealth Partners LLC Boosts Position in American Water Works Company, Inc. (NYSE:AWK)

Tyche Wealth Partners LLC boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 224.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,994 shares of the utilities provider’s stock after buying an additional 4,840 shares during the quarter. Tyche Wealth Partners LLC’s holdings in American Water Works were worth $871,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Truist Financial Corp increased its holdings in shares of American Water Works by 21.0% during the 2nd quarter. Truist Financial Corp now owns 24,368 shares of the utilities provider’s stock valued at $3,147,000 after purchasing an additional 4,229 shares in the last quarter. Czech National Bank increased its holdings in shares of American Water Works by 6.9% during the 3rd quarter. Czech National Bank now owns 39,695 shares of the utilities provider’s stock valued at $5,805,000 after purchasing an additional 2,570 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of American Water Works by 11.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the utilities provider’s stock valued at $382,000 after purchasing an additional 275 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of American Water Works by 2.9% during the 3rd 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 in the last quarter. Finally, Atomi Financial Group Inc. purchased a new position in shares of American Water Works during the 3rd quarter valued at approximately $253,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Trading Down 0.2 %

Shares of AWK opened at $123.58 on Thursday. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. 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 firm’s fifty day moving average is $126.79 and its two-hundred day moving average is $136.17. The stock has a market cap of $24.08 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.63 and a beta of 0.72.

American Water Works Announces Dividend

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

Wall Street Analysts Forecast Growth

AWK has been the subject of several recent research reports. 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 company from $133.00 to $129.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price target on shares of 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. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company 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 assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $139.38.

About American Water Works

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.