Everhart Financial Group Inc. Sells 509 Shares of American Water Works Company, Inc. (NYSE:AWK)

Everhart Financial Group Inc. lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 19.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,144 shares of the utilities provider’s stock after selling 509 shares during the quarter. Everhart Financial Group Inc.’s holdings in American Water Works were worth $267,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of American Water Works by 1,131.1% in the third 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. Groupama Asset Managment raised its holdings in shares of American Water Works by 4,227.0% in the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after buying an additional 695,474 shares during the last quarter. International Assets Investment Management LLC lifted its position in American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after buying an additional 534,411 shares in the last quarter. Confluence Investment Management LLC increased its position in American Water Works by 268.0% in the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after acquiring an additional 391,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of American Water Works by 631.4% in the third quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after acquiring an additional 384,836 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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 research report on Tuesday, January 28th. Wells Fargo & Company upgraded 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 report on Tuesday, January 7th. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $140.00.

American Water Works Stock Performance

Shares of American Water Works stock opened at $125.76 on Tuesday. The stock’s fifty day simple moving average is $125.14 and its 200 day simple moving average is $135.20. 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 current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $24.51 billion, a PE ratio of 24.90, a PEG ratio of 2.62 and a beta of 0.72.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is 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.