Everett Harris & Co. CA Has $38.33 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Everett Harris & Co. CA increased its position in American Water Works Company, Inc. (NYSE:AWK) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 307,921 shares of the utilities provider’s stock after purchasing an additional 3,800 shares during the quarter. American Water Works accounts for 0.5% of Everett Harris & Co. CA’s portfolio, making the stock its 29th biggest holding. Everett Harris & Co. CA’s holdings in American Water Works were worth $38,333,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Lake Street Advisors Group LLC lifted its position in 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 valued at $272,000 after acquiring an additional 75 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in 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 worth $938,000 after acquiring an additional 76 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in shares of American Water Works by 2.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock worth $408,000 after acquiring an additional 79 shares in the last quarter. Invesco LLC raised its holdings in shares of American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

Shares of AWK opened at $124.62 on Friday. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The stock’s 50-day simple moving average is $127.54 and its 200 day simple moving average is $136.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The stock has a market capitalization of $24.29 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.71.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.46%. American Water Works’s dividend payout ratio is currently 60.59%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AWK. JPMorgan Chase & Co. dropped their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday. Jefferies Financial Group assumed coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on the stock. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their price target for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $139.38.

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.