Parsons Capital Management Inc. RI Decreases Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Parsons Capital Management Inc. RI trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 19.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,255 shares of the utilities provider’s stock after selling 1,025 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in American Water Works were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its stake in shares of 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 purchasing an additional 182 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of American Water Works during the third quarter valued at approximately $51,000. Assetmark Inc. grew its stake in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after buying an additional 89 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares during the period. Finally, Raleigh Capital Management Inc. lifted its stake in shares of American Water Works by 446.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 348 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AWK. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $131.00 to $140.00 in a research note 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. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Finally, Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $133.00 to $129.00 in a research note 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $139.38.

American Water Works Stock Performance

Shares of AWK stock opened at $126.47 on Wednesday. The company’s 50 day moving average is $128.35 and its 200 day moving average is $136.81. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.62 and a beta of 0.71. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 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.