EP Wealth Advisors LLC Acquires Shares of 1,880 American Water Works Company, Inc. (NYSE:AWK)

EP Wealth Advisors LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,880 shares of the utilities provider’s stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also made changes to their positions in AWK. State Street Corp increased its stake in American Water Works by 1.9% in the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after buying an additional 214,082 shares during the period. Impax Asset Management Group plc increased its position in shares of American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after acquiring an additional 247,745 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after acquiring an additional 143,914 shares in the last quarter. Mirova US LLC boosted its holdings in shares of American Water Works by 2.1% in the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after purchasing an additional 32,764 shares during the period. Finally, Wulff Hansen & CO. grew its stake in American Water Works by 12,816.0% in the second 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 in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Down 0.7 %

NYSE AWK opened at $129.61 on Friday. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a 50 day moving average price of $136.27 and a 200 day moving average price of $137.80. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The firm has a market cap of $25.26 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is presently 60.59%.

Analysts Set New Price Targets

AWK has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price for the company. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $142.29.

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.