Exchange Traded Concepts LLC Raises Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Exchange Traded Concepts LLC grew its holdings in American Water Works Company, Inc. (NYSE:AWK) by 37.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,609 shares of the utilities provider’s stock after acquiring an additional 6,454 shares during the period. Exchange Traded Concepts LLC’s holdings in American Water Works were worth $2,939,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of analysts have issued reports on AWK shares. Wells Fargo & Company upgraded shares of 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 report on Tuesday, January 7th. UBS Group upgraded 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 report on Tuesday, November 19th. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $141.00.

American Water Works Trading Down 0.1 %

Shares of AWK stock opened at $121.67 on Friday. The company has a market cap of $23.71 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $128.48 and its two-hundred day simple moving average is $136.78. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Announces Dividend

The business 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 $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.51%. American Water Works’s dividend payout ratio is presently 60.59%.

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.