Mitchell & Pahl Private Wealth LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 12.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,361 shares of the utilities provider’s stock after buying an additional 1,264 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in American Water Works were worth $1,414,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. raised its position in American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after acquiring an additional 1,321,320 shares during the last quarter. Groupama Asset Managment increased its stake in shares of American Water Works by 4,227.0% during the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 695,474 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after purchasing an additional 534,411 shares during the last quarter. Confluence Investment Management LLC lifted its stake in American Water Works by 268.0% in the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after buying an additional 391,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in American Water Works by 631.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after buying an additional 384,836 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on AWK shares. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. 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 research note on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Three 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $141.00.
American Water Works Trading Up 0.3 %
NYSE AWK opened at $126.69 on Tuesday. The company has a market cap of $24.69 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.61 and a beta of 0.71. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. 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 company has a 50-day moving average of $129.44 and a 200-day moving average of $137.08.
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 dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is 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.
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