Relyea Zuckerberg Hanson LLC Buys 498 Shares of American Water Works Company, Inc. (NYSE:AWK)

Relyea Zuckerberg Hanson LLC grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,050 shares of the utilities provider’s stock after purchasing an additional 498 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in American Water Works were worth $629,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in American Water Works by 21.6% during the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock valued at $4,023,000 after buying an additional 5,564 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after acquiring an additional 125,128 shares in the last quarter. Swedbank AB boosted its position in shares of American Water Works by 65.5% during the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after acquiring an additional 42,094 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of American Water Works by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 969,016 shares of the utilities provider’s stock valued at $141,709,000 after purchasing an additional 5,889 shares in the last quarter. Finally, PFW Advisors LLC purchased a new position in shares of American Water Works in the fourth quarter valued at $1,783,000. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

AWK has been the topic of a number of recent research reports. 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 company from $133.00 to $129.00 in a research note on Tuesday, January 7th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $141.00.

American Water Works Trading Up 0.2 %

NYSE AWK traded up $0.25 during trading on Friday, hitting $126.61. The stock had a trading volume of 151,901 shares, compared to its average volume of 930,691. The stock has a 50 day simple moving average of $129.76 and a 200 day simple moving average of $137.04. American Water Works Company, Inc. has a one year low of $113.34 and a one year 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. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.61 and a beta of 0.71.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. 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 dividend payout ratio is currently 60.59%.

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.