Csenge Advisory Group Has $554,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

Csenge Advisory Group decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,448 shares of the utilities provider’s stock after selling 406 shares during the quarter. Csenge Advisory Group’s holdings in American Water Works were worth $554,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its position in American Water Works by 5.5% during the 4th quarter. Allworth Financial LP now owns 3,185 shares of the utilities provider’s stock worth $388,000 after purchasing an additional 165 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in American Water Works in the fourth quarter valued at approximately $1,715,000. Principal Securities Inc. grew its stake in shares of American Water Works by 6.5% during the fourth quarter. Principal Securities Inc. now owns 6,072 shares of the utilities provider’s stock worth $756,000 after buying an additional 370 shares during the last quarter. Figure 8 Investment Strategies LLC acquired a new position in shares of American Water Works during the fourth quarter worth $956,000. Finally, Stanley Laman Group Ltd. bought a new position in shares of American Water Works in the 4th quarter valued at $232,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK opened at $127.12 on Wednesday. The business has a 50-day moving average of $125.04 and a 200-day moving average of $135.06. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The company has a market capitalization of $24.77 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a $0.765 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.41%. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in 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 on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, American Water Works presently has an average 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.