Fulcrum Capital LLC Reduces Stake in American Water Works Company, Inc. (NYSE:AWK)

Fulcrum Capital LLC lowered its holdings in American Water Works Company, Inc. (NYSE:AWK) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,813 shares of the utilities provider’s stock after selling 110 shares during the quarter. Fulcrum Capital LLC’s holdings in American Water Works were worth $599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AWK. Acadian Asset Management LLC purchased a new position in American Water Works during the second quarter valued at $357,000. Meeder Advisory Services Inc. grew its holdings in American Water Works by 21.6% during the second quarter. Meeder Advisory Services Inc. now owns 3,917 shares of the utilities provider’s stock valued at $506,000 after purchasing an additional 697 shares during the period. Parallel Advisors LLC grew its holdings in American Water Works by 5.7% during the second quarter. Parallel Advisors LLC now owns 4,888 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 263 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of American Water Works by 26.7% in the second quarter. Wealthspire Advisors LLC now owns 2,142 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 451 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of American Water Works by 21.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 30,928 shares of the utilities provider’s stock worth $3,995,000 after acquiring an additional 5,541 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $141.00.

American Water Works Trading Down 0.3 %

NYSE:AWK traded down $0.33 during trading hours on Monday, reaching $120.79. 712,453 shares of the stock were exchanged, compared to its average volume of 885,923. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The business has a 50-day moving average of $130.53 and a two-hundred day moving average of $137.24. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.03 and a beta of 0.71.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

About American Water Works

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.