Retirement Guys Formula LLC Boosts Stake in American Water Works Company, Inc. (NYSE:AWK)

Retirement Guys Formula LLC increased its position in American Water Works Company, Inc. (NYSE:AWK) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,724 shares of the utilities provider’s stock after buying an additional 430 shares during the period. Retirement Guys Formula LLC’s holdings in American Water Works were worth $713,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Jmac Enterprises LLC purchased a new stake in shares of American Water Works in the fourth quarter worth about $498,000. Kentucky Trust Co purchased a new stake in American Water Works during the fourth quarter valued at approximately $215,000. Sovran Advisors LLC purchased a new stake in American Water Works during the fourth quarter valued at approximately $277,000. Stonebridge Financial Group LLC purchased a new stake in American Water Works during the fourth quarter valued at approximately $48,000. Finally, First National Corp MA ADV raised its position in American Water Works by 7.0% during the fourth quarter. First National Corp MA ADV now owns 9,056 shares of the utilities provider’s stock valued at $1,127,000 after purchasing an additional 589 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AWK has been the topic of a number of recent research reports. UBS Group upgraded 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 report on Tuesday, November 19th. JPMorgan Chase & Co. decreased 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 raised American Water Works from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the company 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 issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.38.

American Water Works Trading Up 1.7 %

AWK opened at $125.17 on Wednesday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 2.62 and a beta of 0.72. The stock’s 50 day moving average price is $125.67 and its 200-day moving average price is $135.66. 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.44%. American Water Works’s dividend payout ratio (DPR) is currently 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.