Allspring Global Investments Holdings LLC Acquires 3,754 Shares of American Water Works Company, Inc. (NYSE:AWK)

Allspring Global Investments Holdings LLC raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,249,060 shares of the utilities provider’s stock after buying an additional 3,754 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in American Water Works were worth $278,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Crews Bank & Trust purchased a new position in shares of American Water Works during the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC increased its position in American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares during the period. Ashton Thomas Securities LLC purchased a new position in American Water Works during the 3rd quarter valued at $51,000. Assetmark Inc. raised its holdings in American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 89 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of American Water Works in the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. JPMorgan Chase & Co. dropped their price target 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, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $139.38.

American Water Works Stock Up 1.7 %

Shares of NYSE:AWK opened at $125.17 on Wednesday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The stock has a market capitalization of $24.39 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.62 and a beta of 0.72. The stock has a fifty day simple moving average of $125.67 and a two-hundred day simple moving average of $135.66. 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 announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders 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 2.44%. 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.