Shilanski & Associates Inc. Grows Position in American Water Works Company, Inc. (NYSE:AWK)

Shilanski & Associates Inc. raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,276 shares of the utilities provider’s stock after acquiring an additional 105 shares during the period. Shilanski & Associates Inc.’s holdings in American Water Works were worth $3,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC grew its stake in shares of American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares during the period. Rosenberg Matthew Hamilton raised its stake in shares of American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of American Water Works during the 3rd quarter valued at about $51,000. Assetmark Inc. boosted its position in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 89 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in American Water Works by 446.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock worth $62,000 after buying an additional 348 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

AWK stock opened at $121.86 on Friday. The firm has a 50-day simple moving average of $128.94 and a two-hundred day simple moving average of $136.94. The firm has a market cap of $23.75 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.72 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is presently 60.59%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AWK. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Wells Fargo & Company upgraded shares of 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. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their target price 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, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.00.

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.