PFW Advisors LLC Purchases New Position in American Water Works Company, Inc. (NYSE:AWK)

PFW Advisors LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,326 shares of the utilities provider’s stock, valued at approximately $1,783,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC raised its holdings in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 182 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of American Water Works in the 3rd quarter worth approximately $51,000. Assetmark Inc. boosted its stake 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. Raleigh Capital Management Inc. increased its holdings in American Water Works by 446.2% during the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after buying an additional 348 shares during the period. Finally, Sugarloaf Wealth Management LLC raised its stake in American Water Works by 25.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock worth $70,000 after buying an additional 96 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

Shares of NYSE AWK traded down $0.22 during midday trading on Monday, reaching $120.90. The company had a trading volume of 1,548,040 shares, compared to its average volume of 1,008,478. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The business’s 50-day simple moving average is $130.53 and its 200 day simple moving average is $137.24. 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 stock has a market cap of $23.56 billion, a P/E ratio of 23.94, a P/E/G ratio of 3.03 and a beta of 0.71.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AWK shares. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group began coverage on shares of 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. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average 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.