American Water Works Company, Inc. (NYSE:AWK) Stake Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,249,060 shares of the utilities provider's stock after acquiring an additional 3,754 shares during the period. Allspring Global Investments Holdings LLC owned 1.15% of American Water Works worth $278,576,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its stake in American Water Works by 1.9% in the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider's stock valued at $1,682,280,000 after acquiring an additional 214,082 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 valued at $665,163,000 after buying an additional 43,754 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of American Water Works by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider's stock valued at $300,739,000 after buying an additional 125,128 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of American Water Works by 1,131.1% during 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 buying an additional 1,321,320 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in American Water Works by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,120,062 shares of the utilities provider's stock worth $163,798,000 after purchasing an additional 18,586 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 0.9 %

NYSE AWK traded down $1.11 on Friday, hitting $125.76. 1,698,820 shares of the stock were exchanged, compared to its average volume of 1,132,356. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week 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 company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.62 and a beta of 0.72. The company's 50-day moving average price is $125.14 and its two-hundred day moving average price is $135.31.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders 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 yield of 2.43%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works's payout ratio is 60.59%.

Wall Street Analysts Forecast Growth

AWK has been the topic of several recent analyst reports. UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Wells Fargo & Company raised American Water Works from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped 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 investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $139.38.

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.