Peddock Capital Advisors LLC raised its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,745 shares of the utilities provider’s stock after purchasing an additional 159 shares during the period. Peddock Capital Advisors LLC’s holdings in American Water Works were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its holdings in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after buying an additional 182 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of American Water Works during the third quarter worth $51,000. Assetmark Inc. boosted its holdings 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 acquiring an additional 89 shares during the period. Raleigh Capital Management Inc. grew its position in shares of American Water Works by 446.2% in the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 348 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC raised its stake in shares of American Water Works by 25.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 96 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on AWK. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, Bank of America reissued an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, American Water Works has an average rating of “Hold” and a consensus price target of $141.00.
American Water Works Price Performance
NYSE AWK traded down $0.22 during trading hours on Monday, reaching $120.90. 1,548,040 shares of the stock traded hands, compared to its average volume of 1,008,478. 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 50 day simple moving average of $130.53 and a two-hundred day simple moving average of $137.24. 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 market cap of $23.56 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71.
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 paid a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.
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.
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