Spirit of America Management Corp NY Has $230,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Spirit of America Management Corp NY grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,850 shares of the utilities provider’s stock after acquiring an additional 500 shares during the quarter. Spirit of America Management Corp NY’s holdings in American Water Works were worth $230,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lake Street Advisors Group LLC boosted its position in American Water Works by 4.2% during the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 75 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in shares of American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after buying an additional 76 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in shares of American Water Works by 2.9% in the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after buying an additional 79 shares in the last quarter. Invesco LLC increased its holdings in American Water Works by 3.4% during the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after buying an additional 82 shares during the last quarter. Finally, Assetmark Inc. raised its position in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AWK. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. JPMorgan Chase & Co. reduced their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $139.38.

American Water Works Price Performance

American Water Works stock opened at $123.58 on Thursday. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.63 and a beta of 0.72. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The stock’s 50 day moving average is $126.79 and its 200-day moving average is $136.17.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is 60.59%.

American Water Works Company 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.