Stratos Wealth Partners LTD. Acquires 2,440 Shares of American Water Works Company, Inc. (NYSE:AWK)

Stratos Wealth Partners LTD. boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,901 shares of the utilities provider’s stock after purchasing an additional 2,440 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in American Water Works were worth $6,337,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AWK. State Street Corp boosted its position in shares of American Water Works by 1.9% during the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after acquiring an additional 214,082 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after purchasing an additional 43,754 shares during the last quarter. Nordea Investment Management AB grew its position in shares of American Water Works by 5.5% during the fourth 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 in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of American Water Works by 6.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after purchasing an additional 143,914 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after buying an additional 1,321,320 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AWK has been the topic of a number of research reports. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Mizuho cut shares of 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 research report on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, UBS Group upgraded shares of 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 report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and a consensus target price of $139.38.

American Water Works Price Performance

American Water Works stock opened at $123.58 on Thursday. 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 current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $126.79 and a 200-day moving average price of $136.17. The firm has a market capitalization of $24.08 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.63 and a beta of 0.72.

American Water Works Announces Dividend

The company 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 $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is currently 60.59%.

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.