By otakuyassine3@gmail.com 
Stock Yards Bank & Trust Co. trimmed its position in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,916 shares of the utilities provider’s stock after selling 1,015 shares during the quarter. Stock Yards Bank & Trust Co. owned about 0.07% of American Water Works worth $17,045,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of American Water Works by 1.9% during the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after purchasing an additional 214,082 shares during the period. Geode Capital Management LLC raised its holdings in American Water Works by 1.0% during the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after acquiring an additional 43,754 shares during the period. Nordea Investment Management AB lifted its position in shares of American Water Works by 5.5% in 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 acquiring an additional 125,128 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 valued at $328,354,000 after acquiring an additional 143,914 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake 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 acquiring an additional 1,321,320 shares during the period. Institutional investors own 86.58% of the company’s stock.
American Water Works Price Performance
Shares of AWK stock opened at $124.62 on Monday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve 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 stock has a fifty day simple moving average of $127.29 and a two-hundred day simple moving average of $136.44. The stock has a market capitalization of $24.29 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 2.63 and a beta of 0.71.
American Water Works Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 60.59%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. dropped 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 report on Tuesday, January 28th. 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. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, 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 target price for the company. 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 stock currently has an average rating of “Hold” and an average price target of $139.38.
View Our Latest Stock Analysis on AWK
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.
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