HCR Wealth Advisors Trims Holdings in American Water Works Company, Inc. (NYSE:AWK)

HCR Wealth Advisors lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,932 shares of the utilities provider’s stock after selling 85 shares during the period. HCR Wealth Advisors’ holdings in American Water Works were worth $3,353,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in American Water Works by 25.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,709 shares of the utilities provider’s stock valued at $1,209,000 after buying an additional 1,965 shares during the period. SS&H Financial Advisors Inc. boosted its position in American Water Works by 3.5% in the 4th quarter. SS&H Financial Advisors Inc. now owns 12,110 shares of the utilities provider’s stock valued at $1,508,000 after buying an additional 410 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in American Water Works by 21.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,125 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 369 shares during the period. Oak Thistle LLC purchased a new stake in shares of American Water Works during the fourth quarter worth approximately $232,000. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 90 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AWK. 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. Bank of America reaffirmed an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. 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 on the stock. 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 note on Tuesday, November 19th. Three 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $141.00.

American Water Works Price Performance

Shares of NYSE:AWK opened at $123.59 on Thursday. 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 cap of $24.09 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The business’s fifty day moving average price is $129.96 and its two-hundred day moving average price is $137.13.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders 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 dividend yield of 2.48%. American Water Works’s dividend payout ratio is currently 60.59%.

About American Water Works

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.