My Legacy Advisors LLC Cuts Stake in American Water Works Company, Inc. (NYSE:AWK)

My Legacy Advisors LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,339 shares of the utilities provider’s stock after selling 130 shares during the period. My Legacy Advisors LLC’s holdings in American Water Works were worth $536,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group initiated coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus price target of $141.00.

American Water Works Trading Up 0.3 %

Shares of NYSE:AWK opened at $126.69 on Friday. The stock’s 50-day simple moving average is $129.44 and its two-hundred day simple moving average is $136.96. The stock has a market capitalization of $24.69 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.61 and a beta of 0.71. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is 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.