American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Red Spruce Capital LLC

Red Spruce Capital LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 11.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,995 shares of the utilities provider’s stock after buying an additional 1,932 shares during the period. Red Spruce Capital LLC’s holdings in American Water Works were worth $2,365,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AWK. Lake Street Advisors Group LLC boosted its stake in American Water Works by 4.2% in the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 75 shares during the period. IHT Wealth Management LLC lifted its stake in American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after buying an additional 76 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of American Water Works by 2.9% during the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 79 shares during the period. Invesco LLC increased its holdings in shares of American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 82 shares during the period. Finally, Assetmark Inc. lifted its position in 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. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American Water Works Price Performance

AWK opened at $126.31 on Wednesday. The firm has a market capitalization of $24.62 billion, a P/E ratio of 25.01, a PEG ratio of 2.73 and a beta of 0.71. The stock has a fifty day moving average of $129.28 and a 200-day moving average of $137.07. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68.

American Water Works Announces Dividend

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