6,178 Shares in American Water Works Company, Inc. (NYSE:AWK) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, HoldingsChannel reports. The fund bought 6,178 shares of the utilities provider’s stock, valued at approximately $774,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of American Water Works by 1.9% during the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after acquiring an additional 214,082 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after purchasing an additional 43,754 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of American Water Works by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after buying an additional 125,128 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of American Water Works by 6.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after buying an additional 143,914 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after buying an additional 1,321,320 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American Water Works Stock Performance

American Water Works stock opened at $126.47 on Wednesday. The firm has a market capitalization of $24.65 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock’s 50 day moving average price is $128.35 and its 200 day moving average price is $136.81. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.42%. 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.