Prossimo Advisors LLC Acquires 448 Shares of American Water Works Company, Inc. (NYSE:AWK)

Prossimo Advisors LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 15.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,426 shares of the utilities provider’s stock after purchasing an additional 448 shares during the quarter. Prossimo Advisors LLC’s holdings in American Water Works were worth $427,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Crews Bank & Trust purchased a new position in shares of American Water Works in the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC boosted its position in 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 purchasing an additional 182 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in American Water Works in the fourth quarter valued at about $48,000. Rosenberg Matthew Hamilton raised its holdings in American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 90 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American Water Works during the third quarter valued at about $51,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 1.2 %

Shares of American Water Works stock opened at $127.12 on Wednesday. The firm’s 50 day simple moving average is $125.04 and its two-hundred day simple moving average is $135.06. The firm has a market capitalization of $24.77 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.62 and a beta of 0.72. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. 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 announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 60.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group raised shares of 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 report on Tuesday, November 19th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $140.00.

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.