Brookfield Corp ON Raises Position in American Water Works Company, Inc. (NYSE:AWK)

Brookfield Corp ON grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,601 shares of the utilities provider’s stock after acquiring an additional 89 shares during the quarter. Brookfield Corp ON’s holdings in American Water Works were worth $4,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC bought a new stake in American Water Works during the second quarter worth about $30,000. Catalyst Capital Advisors LLC grew its position in American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 182 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in American Water Works in the second quarter valued at approximately $46,000. Ashton Thomas Securities LLC purchased a new stake in shares of American Water Works during the third quarter valued at approximately $51,000. Finally, Assetmark Inc. increased its stake in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AWK shares. Bank of America reiterated an “underperform” rating and set a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group started coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $142.29.

American Water Works Stock Up 0.2 %

AWK stock opened at $132.36 on Friday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The business has a fifty day moving average price of $137.98 and a 200-day moving average price of $137.81. 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 stock has a market capitalization of $25.80 billion, a P/E ratio of 26.21, a P/E/G ratio of 3.12 and a beta of 0.70.

American Water Works Announces Dividend

The company 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 dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.31%. American Water Works’s dividend payout ratio (DPR) is presently 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.