Strong Tower Advisory Services Has $1.67 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Strong Tower Advisory Services grew its holdings in American Water Works Company, Inc. (NYSE:AWK) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,439 shares of the utilities provider’s stock after purchasing an additional 1,603 shares during the quarter. Strong Tower Advisory Services’ holdings in American Water Works were worth $1,673,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in shares of American Water Works by 21.6% during the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after buying an additional 5,564 shares during the period. Nordea Investment Management AB boosted its position in shares of American Water Works by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after purchasing an additional 125,128 shares in the last quarter. Swedbank AB grew its holdings in shares of American Water Works by 65.5% in the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after buying an additional 42,094 shares during the period. JPMorgan Chase & Co. raised its stake in American Water Works by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 969,016 shares of the utilities provider’s stock worth $141,709,000 after buying an additional 5,889 shares during the period. Finally, PFW Advisors LLC bought a new position in American Water Works during the fourth quarter worth about $1,783,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE:AWK opened at $126.69 on Monday. 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 $24.69 billion, a P/E ratio of 25.09, a PEG ratio of 2.61 and a beta of 0.71. The stock has a 50 day simple moving average of $129.44 and a 200 day simple moving average of $137.02. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors 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 yield of 2.42%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is 60.59%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Jefferies Financial Group started coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $141.00.

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.