Bar Harbor Wealth Management reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,039 shares of the utilities provider’s stock after selling 270 shares during the period. Bar Harbor Wealth Management’s holdings in American Water Works were worth $378,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wulff Hansen & CO. lifted its holdings in American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after purchasing an additional 1,453,334 shares during the last quarter. Victory Capital Management Inc. raised its position 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 valued at $210,313,000 after purchasing an additional 1,321,320 shares during the period. Groupama Asset Managment lifted its stake in shares of American Water Works by 4,227.0% in the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after buying an additional 695,474 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after buying an additional 534,411 shares during the period. Finally, Confluence Investment Management LLC grew its stake in American Water Works by 268.0% in the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after buying an additional 391,166 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on AWK. Bank of America reissued an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.00.
American Water Works Price Performance
Shares of NYSE:AWK opened at $120.90 on Tuesday. The business’s 50 day moving average is $130.25 and its 200-day moving average is $137.18. 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 firm has a market capitalization of $23.56 billion, a PE ratio of 23.94, a PEG ratio of 3.03 and a beta of 0.71. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68.
American Water Works Announces Dividend
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 issued a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) 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.
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