Fiduciary Alliance LLC Increases Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Fiduciary Alliance LLC lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,927 shares of the utilities provider’s stock after purchasing an additional 694 shares during the period. Fiduciary Alliance LLC’s holdings in American Water Works were worth $2,979,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in American Water Works during the 2nd quarter valued at approximately $357,000. Meeder Advisory Services Inc. grew its holdings in shares of American Water Works by 21.6% in the second quarter. Meeder Advisory Services Inc. now owns 3,917 shares of the utilities provider’s stock valued at $506,000 after purchasing an additional 697 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of American Water Works by 5.7% in the second quarter. Parallel Advisors LLC now owns 4,888 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 263 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in shares of American Water Works by 26.7% in the second quarter. Wealthspire Advisors LLC now owns 2,142 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 451 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in American Water Works by 21.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 30,928 shares of the utilities provider’s stock worth $3,995,000 after buying an additional 5,541 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 1.4 %

American Water Works stock traded down $1.71 during midday trading on Monday, reaching $119.41. 114,728 shares of the stock traded hands, compared to its average volume of 800,025. 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 cap of $23.27 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. The company has a 50-day simple moving average of $130.53 and a two-hundred day simple moving average of $137.24. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AWK shares. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Bank of America reiterated an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Finally, Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.00.

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.