American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 440,316 shares of the utilities provider’s stock after buying an additional 6,778 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in American Water Works were worth $54,815,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lake Street Advisors Group LLC boosted its stake in shares of 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 worth $272,000 after purchasing an additional 75 shares during the last quarter. IHT Wealth Management LLC boosted its position in American Water Works by 1.2% during the third 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. Invesco LLC grew its stake in American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 82 shares during the period. Assetmark Inc. raised its holdings in American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 89 shares during the last quarter. Finally, Brookfield Corp ON lifted its stake 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 purchasing an additional 89 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. 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 note on Tuesday, January 7th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased 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, January 28th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $139.38.

American Water Works Trading Up 0.6 %

Shares of AWK stock opened at $123.16 on Tuesday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The firm’s 50 day moving average price is $125.92 and its two-hundred day moving average price is $135.78. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a $0.765 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.48%. American Water Works’s dividend payout ratio is currently 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.