Bleakley Financial Group LLC Has $250,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

Bleakley Financial Group LLC grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,012 shares of the utilities provider’s stock after buying an additional 89 shares during the quarter. Bleakley Financial Group LLC’s holdings in American Water Works were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings 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 buying an additional 214,082 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after buying an additional 43,754 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of American Water Works by 5.5% in the 4th 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 raised its stake in shares of American Water Works by 6.8% in the 3rd 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. raised its stake in shares of American Water Works by 1,131.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on AWK shares. JPMorgan Chase & Co. cut their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.38.

American Water Works Stock Performance

Shares of NYSE AWK opened at $125.17 on Wednesday. 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 business’s 50 day moving average is $125.67 and its two-hundred day moving average is $135.66. The company has a market cap of $24.39 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.62 and a beta of 0.72. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio 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.