Hartford Investment Management Co. Sells 233 Shares of American Water Works Company, Inc. (NYSE:AWK)

Hartford Investment Management Co. reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,016 shares of the utilities provider’s stock after selling 233 shares during the period. Hartford Investment Management Co.’s holdings in American Water Works were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lake Street Advisors Group LLC boosted its stake in American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after buying an additional 75 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after acquiring an additional 76 shares during the period. Invesco LLC boosted its stake in shares of American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares in the last quarter. Assetmark Inc. grew its holdings in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 89 shares during the last quarter. Finally, Brookfield Corp ON increased its position in shares of American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after purchasing an additional 89 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AWK has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped 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 report on Tuesday, January 28th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and cut 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 assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $139.38.

American Water Works Trading Up 1.4 %

NYSE AWK opened at $126.79 on Friday. 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 current ratio of 0.58 and a quick ratio of 0.53. The firm has a market cap of $24.71 billion, a P/E ratio of 25.11, a P/E/G ratio of 2.62 and a beta of 0.72. The stock’s 50-day moving average is $125.38 and its 200-day moving average is $135.47.

American Water Works Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.41%. American Water Works’s payout ratio is presently 60.59%.

American Water Works Company 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.