Prossimo Advisors LLC Acquires 448 Shares of American Water Works Company, Inc. (NYSE:AWK)

Prossimo Advisors LLC grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,426 shares of the utilities provider’s stock after buying an additional 448 shares during the quarter. Prossimo Advisors LLC’s holdings in American Water Works were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Nordea Investment Management AB lifted its stake in shares of American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after purchasing an additional 125,128 shares during the last quarter. Czech National Bank raised its holdings in American Water Works by 6.5% during the 4th quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock valued at $5,261,000 after buying an additional 2,562 shares during the period. Sovran Advisors LLC bought a new stake in American Water Works in the fourth quarter worth $277,000. Swedbank AB boosted its stake in American Water Works by 65.5% during the third quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock worth $15,557,000 after buying an additional 42,094 shares during the period. Finally, PFW Advisors LLC bought a new position in American Water Works during the fourth quarter valued at $1,783,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock opened at $127.12 on Wednesday. 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 capitalization of $24.77 billion, a PE ratio of 25.17, a P/E/G ratio of 2.62 and a beta of 0.72. The company has a 50 day moving average price of $125.04 and a 200-day moving average price of $135.06. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is 60.59%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AWK shares. JPMorgan Chase & Co. lowered their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus price target of $140.00.

American Water Works 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.