Kestra Private Wealth Services LLC Has $1.74 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Kestra Private Wealth Services LLC grew its holdings in American Water Works Company, Inc. (NYSE:AWK) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,995 shares of the utilities provider’s stock after purchasing an additional 1,063 shares during the period. Kestra Private Wealth Services LLC’s holdings in American Water Works were worth $1,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWK. Ritholtz Wealth Management raised its holdings in shares of American Water Works by 10.5% in the third quarter. Ritholtz Wealth Management now owns 3,221 shares of the utilities provider’s stock valued at $471,000 after purchasing an additional 306 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of American Water Works by 2.0% in the third quarter. Exchange Traded Concepts LLC now owns 17,155 shares of the utilities provider’s stock valued at $2,509,000 after purchasing an additional 341 shares during the last quarter. Procyon Advisors LLC raised its holdings in shares of American Water Works by 4.7% in the third quarter. Procyon Advisors LLC now owns 2,515 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 113 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of American Water Works by 13.3% in the third quarter. Wesbanco Bank Inc. now owns 68,562 shares of the utilities provider’s stock valued at $10,027,000 after purchasing an additional 8,072 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of American Water Works by 1.6% in the third quarter. Creative Planning now owns 35,523 shares of the utilities provider’s stock valued at $5,195,000 after purchasing an additional 572 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 1.7 %

AWK stock opened at $125.17 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The company has a fifty day moving average price of $125.67 and a two-hundred day moving average price of $135.66. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders 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 2.44%. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Analyst Ratings Changes

AWK has been the topic of a number of recent research reports. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. 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 stock from $133.00 to $129.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Mizuho downgraded 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 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $139.38.

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.