Empowered Funds LLC Boosts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Empowered Funds LLC increased its stake in American Water Works Company, Inc. (NYSE:AWK) by 43.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,303 shares of the utilities provider’s stock after buying an additional 1,603 shares during the period. Empowered Funds LLC’s holdings in American Water Works were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AWK. Lake Street Advisors Group LLC boosted its stake in American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 75 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of American Water Works by 1.2% during 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 lifted its holdings in shares of American Water Works by 3.4% during the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after buying an additional 82 shares during the period. Assetmark Inc. lifted 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 valued at $54,000 after buying an additional 89 shares during the period. Finally, Brookfield Corp ON lifted 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 valued at $4,768,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of American Water Works stock opened at $127.12 on Wednesday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock’s fifty day moving average is $125.04 and its 200 day moving average is $135.06. The stock has a market cap of $24.77 billion, a P/E ratio of 25.17, a P/E/G ratio of 2.62 and a beta of 0.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be paid a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.41%. American Water Works’s payout ratio is presently 60.59%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AWK. UBS Group raised 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 report on Tuesday, November 19th. JPMorgan Chase & Co. lowered their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price target 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.00.

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.