Leonteq Securities AG purchased a new stake in American Water Works Company, Inc. (NYSE:AWK – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 9,557 shares of the utilities provider’s stock, valued at approximately $1,247,000.
Several other large investors have also added to or reduced their stakes in AWK. Salomon & Ludwin LLC lifted its position in American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 81 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in American Water Works in the 3rd quarter valued at about $27,000. Cloud Capital Management LLC bought a new position in American Water Works in the 3rd quarter valued at about $29,000. Westfuller Advisors LLC bought a new position in American Water Works in the 3rd quarter valued at about $33,000. Finally, Midwest Capital Advisors LLC bought a new position in American Water Works in the 4th quarter valued at about $39,000. Institutional investors own 86.58% of the company’s stock.
American Water Works Price Performance
American Water Works stock opened at $123.89 on Friday. American Water Works Company, Inc. has a 52 week low of $121.28 and a 52 week high of $147.87. The company’s 50 day moving average price is $132.62 and its two-hundred day moving average price is $131.31. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. The stock has a market cap of $24.19 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.70 and a beta of 0.64.
American Water Works Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th will be issued a $0.895 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.9%. American Water Works’s payout ratio is presently 63.48%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on AWK shares. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Friday, March 27th. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a research report on Tuesday, April 21st. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Bank of America dropped their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Barclays lifted their target price on shares of American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $138.56.
Check Out Our Latest Stock Analysis on AWK
About American Water Works
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.
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