American Water Works Company, Inc. $AWK Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 425,700 shares of the utilities provider’s stock after buying an additional 7,653 shares during the period. Rhumbline Advisers’ holdings in American Water Works were worth $59,253,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. American National Bank & Trust acquired a new position in American Water Works in the third quarter valued at $26,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of American Water Works in the 3rd quarter worth about $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of American Water Works in the 3rd quarter valued at about $28,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of American Water Works during the 2nd quarter worth about $29,000. Finally, Cloud Capital Management LLC acquired a new stake in American Water Works during the 3rd quarter worth approximately $29,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AWK shares. Barclays reduced their price target on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. UBS Group set a $149.00 price target on shares of American Water Works in a research report on Wednesday, December 17th. Wells Fargo & Company lowered their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Jefferies Financial Group raised American Water Works from an “underperform” rating to a “hold” rating and raised their price objective for the company from $114.00 to $124.00 in a research report on Wednesday, November 5th. Finally, Mizuho set a $145.00 target price on American Water Works in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $140.89.

American Water Works Stock Performance

Shares of AWK stock opened at $128.26 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. The company’s fifty day moving average price is $129.60 and its two-hundred day moving average price is $134.97. The firm has a market capitalization of $25.03 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.88 and a beta of 0.77. American Water Works Company, Inc. has a 12 month low of $121.28 and a 12 month high of $155.50.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be issued a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a yield of 2.6%. American Water Works’s dividend payout ratio is currently 58.17%.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.