Wealth Enhancement Advisory Services LLC Grows Holdings in American Water Works Company, Inc. (NYSE:AWK)

Wealth Enhancement Advisory Services LLC raised its position in American Water Works Company, Inc. (NYSE:AWK) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,993 shares of the utilities provider’s stock after buying an additional 144 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of American Water Works worth $14,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC increased its holdings in American Water Works by 3.9% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 2,765 shares of the utilities provider’s stock valued at $344,000 after buying an additional 104 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its holdings in American Water Works by 5.4% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 2,445 shares of the utilities provider’s stock valued at $304,000 after buying an additional 126 shares in the last quarter. Nordea Investment Management AB increased its holdings in American Water Works by 5.5% in 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 buying an additional 125,128 shares in the last quarter. Everence Capital Management Inc. increased its holdings in American Water Works by 8.9% in the fourth quarter. Everence Capital Management Inc. now owns 14,600 shares of the utilities provider’s stock valued at $1,818,000 after buying an additional 1,190 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in American Water Works by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 2,982 shares of the utilities provider’s stock valued at $371,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

AWK opened at $121.17 on Monday. The firm has a market capitalization of $23.62 billion, a PE ratio of 23.99, a PEG ratio of 3.03 and a beta of 0.71. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The firm’s 50-day moving average price is $130.53 and its 200 day moving average price is $137.24. 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 Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 target price for the company. Mizuho cut shares of 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 note on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Finally, Bank of America reissued an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $141.00.

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.