American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 29.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,272 shares of the utilities provider’s stock after purchasing an additional 1,645 shares during the quarter. Apollon Wealth Management LLC’s holdings in American Water Works were worth $905,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its position in 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 purchasing an additional 125,128 shares in the last quarter. Czech National Bank increased its position in American Water Works by 6.5% during the 4th quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock worth $5,261,000 after purchasing an additional 2,562 shares in the last quarter. Swedbank AB grew its position in American Water Works by 65.5% in the third 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 in the last quarter. PFW Advisors LLC acquired a new stake in American Water Works in the fourth quarter valued at approximately $1,783,000. Finally, JPMorgan Chase & Co. grew its position in 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 acquiring an additional 5,889 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK opened at $125.17 on Wednesday. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The company 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. 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 firm has a fifty day moving average of $125.67 and a 200-day moving average of $135.66.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective 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 downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus 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.