Jericho Financial LLP Makes New $2.20 Million Investment in American Water Works Company, Inc. (NYSE:AWK)

Jericho Financial LLP acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 17,660 shares of the utilities provider’s stock, valued at approximately $2,199,000. American Water Works makes up approximately 1.6% of Jericho Financial LLP’s portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp increased its holdings in American Water Works by 21.0% during the second quarter. Truist Financial Corp now owns 24,368 shares of the utilities provider’s stock worth $3,147,000 after buying an additional 4,229 shares during the last quarter. Czech National Bank grew its position in shares of American Water Works by 6.9% in the 3rd quarter. Czech National Bank now owns 39,695 shares of the utilities provider’s stock valued at $5,805,000 after acquiring an additional 2,570 shares during the period. GAMMA Investing LLC increased its stake in shares of American Water Works by 11.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 275 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of American Water Works by 2.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 79 shares during the period. Finally, Clean Yield Group lifted its stake in American Water Works by 4.0% in the 3rd quarter. Clean Yield Group now owns 61,247 shares of the utilities provider’s stock valued at $8,957,000 after purchasing an additional 2,346 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of American Water Works stock opened at $123.80 on Wednesday. The company has a 50-day simple moving average of $127.07 and a two-hundred day simple moving average of $136.29. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The stock has a market capitalization of $24.13 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

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 paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

Analyst Ratings Changes

AWK has been the topic of several research analyst reports. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reduced 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, Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $139.38.

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.