Figure 8 Investment Strategies LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Figure 8 Investment Strategies LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,682 shares of the utilities provider’s stock, valued at approximately $956,000.

Other large investors also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC grew its position in shares of 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 purchasing an additional 75 shares during the period. IHT Wealth Management LLC boosted its holdings in American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after buying an additional 76 shares during the last quarter. Invesco LLC increased its stake in American Water Works by 3.4% during the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after buying an additional 82 shares in the last quarter. Assetmark Inc. raised its holdings in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 89 shares during the last quarter. Finally, Brookfield Corp ON raised its holdings in shares of American Water Works by 0.3% during the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after acquiring an additional 89 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AWK shares. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. JPMorgan Chase & Co. dropped their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $139.38.

American Water Works Trading Up 1.4 %

Shares of AWK opened at $126.79 on Friday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The firm has a market capitalization of $24.71 billion, a P/E ratio of 25.11, a P/E/G ratio of 2.62 and a beta of 0.72. The firm has a 50-day moving average price of $125.38 and a 200 day moving average price of $135.47. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.41%. American Water Works’s dividend payout ratio is currently 60.59%.

American Water Works Company 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.