Alliance Wealth Advisors LLC UT Buys 161 Shares of American Water Works Company, Inc. (NYSE:AWK)

Alliance Wealth Advisors LLC UT lifted its stake in American Water Works Company, Inc. (NYSE:AWK) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,813 shares of the utilities provider’s stock after acquiring an additional 161 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in American Water Works were worth $2,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lake Street Advisors Group LLC lifted its stake in shares of American Water Works by 4.2% in the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after buying an additional 75 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after acquiring an additional 76 shares during the period. Miracle Mile Advisors LLC grew 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 last quarter. Invesco LLC increased its stake 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 purchasing an additional 82 shares during the period. Finally, Assetmark Inc. lifted its position 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 purchasing an additional 89 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Up 1.0 %

NYSE AWK opened at $125.84 on Tuesday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average is $127.29 and its two-hundred day moving average is $136.40. The company has a market capitalization of $24.52 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.63 and a beta of 0.71.

American Water Works Announces Dividend

The business also recently disclosed 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 2.43%. American Water Works’s dividend payout ratio is currently 60.59%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. JPMorgan Chase & Co. decreased 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 report on Tuesday, January 28th. Jefferies Financial Group started coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Water Works currently has an average 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.