Csenge Advisory Group Sells 406 Shares of American Water Works Company, Inc. (NYSE:AWK)

Csenge Advisory Group reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,448 shares of the utilities provider’s stock after selling 406 shares during the period. Csenge Advisory Group’s holdings in American Water Works were worth $554,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Lake Street Advisors Group LLC increased its position in American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after buying an additional 75 shares in the last quarter. IHT Wealth Management LLC grew its stake in American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after acquiring an additional 76 shares during the period. Invesco LLC increased its holdings in shares of American Water Works by 3.4% during the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 82 shares in the last quarter. Assetmark Inc. raised its position in shares of 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 purchasing an additional 89 shares during the period. Finally, Brookfield Corp ON lifted its holdings in shares of American Water Works by 0.3% in the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

AWK has been the topic of several recent research reports. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price 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. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $140.00.

American Water Works Stock Performance

Shares of AWK opened at $127.12 on Wednesday. The stock has a 50 day moving average of $125.04 and a 200 day moving average of $135.06. 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 company has a market capitalization of $24.77 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.62 and a beta of 0.72.

American Water Works Dividend Announcement

The firm 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 dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 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.