State of Alaska Department of Revenue Trims Position in American Water Works Company, Inc. (NYSE:AWK)

State of Alaska Department of Revenue reduced its position in American Water Works Company, Inc. (NYSE:AWK) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,223 shares of the utilities provider’s stock after selling 435 shares during the period. State of Alaska Department of Revenue’s holdings in American Water Works were worth $2,766,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of American Water Works by 1.9% during the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after purchasing an additional 214,082 shares during the last quarter. Geode Capital Management LLC lifted its position in American Water Works by 1.0% during the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after buying an additional 43,754 shares during the period. Nordea Investment Management AB boosted its stake in American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after buying an additional 125,128 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in American Water Works by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after buying an additional 143,914 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of American Water Works by 1,131.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWK has been the topic of several research analyst reports. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Three equities 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $139.38.

American Water Works Stock Down 1.2 %

Shares of NYSE AWK opened at $122.53 on Monday. The stock has a fifty day moving average price of $125.92 and a 200 day moving average price of $135.83. 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 Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a market cap of $23.88 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.62 and a beta of 0.72.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.50%. American Water Works’s payout ratio is currently 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.