Alliance Wealth Advisors LLC UT Has $2.47 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Alliance Wealth Advisors LLC UT raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,813 shares of the utilities provider’s stock after buying an additional 161 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in American Water Works were worth $2,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AWK. Crews Bank & Trust acquired a new position in American Water Works during the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC boosted its position in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after buying an additional 90 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of American Water Works in the 3rd quarter valued at $51,000. Finally, Assetmark Inc. increased its position in shares of 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 buying an additional 89 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AWK shares. JPMorgan Chase & Co. reduced their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Finally, Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $139.38.

American Water Works Stock Performance

Shares of AWK stock opened at $125.84 on Tuesday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company’s fifty day simple moving average is $127.29 and its 200-day simple moving average is $136.40. The firm has a market cap of $24.52 billion, a PE ratio of 24.92, a P/E/G ratio of 2.63 and a beta of 0.71. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.43%. American Water Works’s dividend payout ratio (DPR) is presently 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.