American Water Works Company, Inc. (NYSE:AWK) Shares Acquired by Savant Capital LLC

Savant Capital LLC lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,880 shares of the utilities provider’s stock after buying an additional 358 shares during the period. Savant Capital LLC’s holdings in American Water Works were worth $358,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Lake Street Advisors Group LLC lifted its stake in shares of American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 75 shares during the period. IHT Wealth Management LLC increased its stake in American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after buying an additional 76 shares during the period. Invesco LLC grew its position in American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 82 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares during the period. Finally, Brookfield Corp ON boosted its holdings in shares of American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AWK. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price objective 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 on the stock in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $140.00.

American Water Works Stock Performance

NYSE AWK opened at $125.76 on Tuesday. The company has a fifty day simple moving average of $125.14 and a 200 day simple moving average of $135.20. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-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 company has a market cap of $24.51 billion, a P/E ratio of 24.90, a PEG ratio of 2.62 and a beta of 0.72.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 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.