R Squared Ltd Takes Position in American Water Works Company, Inc. (NYSE:AWK)

R Squared Ltd purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 540 shares of the utilities provider’s stock, valued at approximately $67,000.

A number of other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after buying an additional 5,564 shares during the last quarter. Creative Planning grew its stake in shares of American Water Works by 19.3% in the 2nd quarter. Creative Planning now owns 34,951 shares of the utilities provider’s stock valued at $4,514,000 after purchasing an additional 5,657 shares during the last quarter. Truist Financial Corp raised its stake in shares of American Water Works by 21.0% during the second quarter. Truist Financial Corp now owns 24,368 shares of the utilities provider’s stock worth $3,147,000 after purchasing an additional 4,229 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of American Water Works by 1.1% during the second quarter. Clearbridge Investments LLC now owns 357,186 shares of the utilities provider’s stock worth $46,134,000 after purchasing an additional 3,797 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of American Water Works during the second quarter worth $3,715,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Up 0.8 %

AWK opened at $124.62 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.63 and a beta of 0.71. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The business’s fifty day moving average is $127.54 and its two-hundred day moving average is $136.54.

American Water Works Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.46%. American Water Works’s dividend payout ratio is presently 60.59%.

Wall Street Analyst Weigh In

AWK has been the subject of a number of analyst reports. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday. Mizuho downgraded 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. Finally, Jefferies Financial Group assumed coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $139.38.

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.