SC&H Financial Advisors Inc. Sells 607 Shares of American Water Works Company, Inc. (NYSE:AWK)

SC&H Financial Advisors Inc. cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,773 shares of the utilities provider’s stock after selling 607 shares during the period. SC&H Financial Advisors Inc.’s holdings in American Water Works were worth $345,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cidel Asset Management Inc. boosted its holdings in American Water Works by 20.0% during the 4th quarter. Cidel Asset Management Inc. now owns 24,508 shares of the utilities provider’s stock valued at $3,051,000 after acquiring an additional 4,089 shares during the period. Golden State Wealth Management LLC bought a new stake in American Water Works in the fourth quarter valued at approximately $166,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of American Water Works by 3.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 86,202 shares of the utilities provider’s stock valued at $10,731,000 after purchasing an additional 2,730 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of American Water Works by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 440,316 shares of the utilities provider’s stock worth $54,815,000 after purchasing an additional 6,778 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of American Water Works in the fourth quarter worth $1,715,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on AWK. JPMorgan Chase & Co. dropped their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $139.38.

American Water Works Stock Down 1.2 %

AWK stock opened at $122.53 on Friday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a market capitalization of $23.88 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.72. The business’s 50 day moving average price is $126.21 and its two-hundred day moving average price is $136.00. 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. Shareholders of record on Friday, February 7th will be issued a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.50%. American Water Works’s dividend payout ratio (DPR) 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.