American Water Works Company, Inc. $AWK Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 425,700 shares of the utilities provider’s stock after purchasing an additional 7,653 shares during the quarter. Rhumbline Advisers owned 0.22% of American Water Works worth $59,253,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. American National Bank & Trust purchased a new position in shares of American Water Works in the third quarter valued at $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in American Water Works in the 3rd quarter valued at about $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in American Water Works during the 3rd quarter valued at about $28,000. Elevation Point Wealth Partners LLC purchased a new position in American Water Works during the 2nd quarter valued at about $29,000. Finally, Cloud Capital Management LLC acquired a new position in American Water Works during the third quarter worth about $29,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Price Performance

AWK stock opened at $128.26 on Friday. The stock has a market capitalization of $25.03 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.88 and a beta of 0.77. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 1.19. American Water Works Company, Inc. has a 52-week low of $121.28 and a 52-week high of $155.50. The stock’s fifty day simple moving average is $129.60 and its 200-day simple moving average is $134.97.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.6%. American Water Works’s dividend payout ratio is currently 58.17%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AWK. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. UBS Group set a $149.00 target price on American Water Works in a report on Wednesday, December 17th. Mizuho set a $145.00 price target on American Water Works in a report on Tuesday, October 28th. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $117.00 to $139.00 in a research note on Monday, January 12th. Finally, Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $114.00 to $124.00 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average target price of $140.89.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.