Union Savings Bank Has $458,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Union Savings Bank trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK) by 24.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,676 shares of the utilities provider’s stock after selling 1,215 shares during the quarter. Union Savings Bank’s holdings in American Water Works were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Catalyst Capital Advisors LLC lifted its stake in shares of American Water Works by 155.6% during 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 during the period. Ashton Thomas Securities LLC acquired a new position in American Water Works during the 3rd quarter valued at about $51,000. Assetmark Inc. boosted its stake in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in shares of American Water Works by 29.0% during the 4th 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. Finally, Raleigh Capital Management Inc. grew its position in shares of American Water Works by 446.2% during 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. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and increased their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group raised 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 note on Tuesday, November 19th. Finally, Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.00.

American Water Works Trading Up 0.3 %

NYSE AWK opened at $126.69 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The firm has a market cap of $24.69 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.61 and a beta of 0.71. The stock’s 50-day moving average is $129.44 and its 200-day moving average is $137.02. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is presently 60.59%.

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.