Secured Retirement Advisors LLC Sells 5,211 Shares of American Water Works Company, Inc. (NYSE:AWK)

Secured Retirement Advisors LLC lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 62.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,087 shares of the utilities provider’s stock after selling 5,211 shares during the quarter. Secured Retirement Advisors LLC’s holdings in American Water Works were worth $384,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AWK. Lake Street Advisors Group LLC lifted its position in American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after buying an additional 75 shares in the last quarter. IHT Wealth Management LLC raised its holdings in American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after acquiring an additional 76 shares in the last quarter. Invesco LLC boosted its position in American Water Works by 3.4% during the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares during the last quarter. Assetmark Inc. increased its position in shares of American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 89 shares during the last quarter. Finally, Brookfield Corp ON raised its stake in shares of American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Down 0.9 %

American Water Works stock opened at $125.76 on Friday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The stock has a market cap of $24.51 billion, a P/E ratio of 24.90, a P/E/G ratio of 2.62 and a beta of 0.72. The company’s 50-day moving average price is $125.14 and its two-hundred day moving average price is $135.31. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors 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 annualized dividend and a yield of 2.43%. American Water Works’s payout ratio is currently 60.59%.

Analysts Set New Price Targets

AWK has been the subject of several analyst reports. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reduced their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Three 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 company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $139.38.

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.