American Water Works Company, Inc. (NYSE:AWK) Holdings Lifted by Greenleaf Trust

Greenleaf Trust increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,549 shares of the utilities provider’s stock after buying an additional 1,031 shares during the quarter. Greenleaf Trust’s holdings in American Water Works were worth $2,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AWK. AQR Capital Management LLC grew its holdings in shares of American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock valued at $4,023,000 after buying an additional 5,564 shares in the last quarter. Truist Financial Corp boosted its position in American Water Works by 21.0% during the second quarter. Truist Financial Corp now owns 24,368 shares of the utilities provider’s stock valued at $3,147,000 after purchasing an additional 4,229 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in American Water Works during the second quarter valued at $3,715,000. Czech National Bank boosted its position in American Water Works by 6.9% during the third quarter. Czech National Bank now owns 39,695 shares of the utilities provider’s stock valued at $5,805,000 after purchasing an additional 2,570 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in American Water Works by 5.6% during the third quarter. Handelsbanken Fonder AB now owns 106,051 shares of the utilities provider’s stock valued at $15,509,000 after purchasing an additional 5,662 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE AWK opened at $124.62 on Monday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The stock has a market capitalization of $24.29 billion, a PE ratio of 24.68, a P/E/G ratio of 2.63 and a beta of 0.71. The stock has a 50-day simple moving average of $127.29 and a 200 day simple moving average of $136.44.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.46%. American Water Works’s dividend payout ratio is presently 60.59%.

Analyst Ratings Changes

A number of analysts recently issued reports on AWK shares. JPMorgan Chase & Co. reduced their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Jefferies Financial Group started coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, American Water Works presently has an average rating of “Hold” and a consensus price target 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.