American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,361 shares of the utilities provider’s stock after buying an additional 1,264 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in American Water Works were worth $1,414,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of American Water Works by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 718,178 shares of the utilities provider’s stock valued at $92,761,000 after purchasing an additional 70,205 shares during the period. Blair William & Co. IL boosted its holdings in shares of American Water Works by 8.4% in the second quarter. Blair William & Co. IL now owns 11,516 shares of the utilities provider’s stock valued at $1,487,000 after acquiring an additional 897 shares during the period. Intech Investment Management LLC purchased a new position in shares of American Water Works during the second quarter worth approximately $875,000. Pacer Advisors Inc. increased its holdings in shares of American Water Works by 4.8% in the 2nd quarter. Pacer Advisors Inc. now owns 13,812 shares of the utilities provider’s stock valued at $1,784,000 after acquiring an additional 635 shares during the period. Finally, Sei Investments Co. raised its position in American Water Works by 201.9% in the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock valued at $56,264,000 after purchasing an additional 291,315 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

Shares of NYSE AWK opened at $126.69 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The firm has a market capitalization of $24.69 billion, a P/E ratio of 25.09, a PEG ratio of 2.61 and a beta of 0.71. The company’s fifty day moving average is $129.44 and its two-hundred day moving average is $137.08.

American Water Works Dividend Announcement

The business 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. This represents a $3.06 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AWK. Jefferies Financial Group started coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, UBS Group upgraded 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 note on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $141.00.

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.