American Water Works Company, Inc. (NYSE:AWK) is Clear Harbor Asset Management LLC's 10th Largest Position

Clear Harbor Asset Management LLC lowered its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,340 shares of the utilities provider's stock after selling 5,096 shares during the period. American Water Works accounts for 2.0% of Clear Harbor Asset Management LLC's holdings, making the stock its 10th biggest position. Clear Harbor Asset Management LLC owned 0.10% of American Water Works worth $25,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AWK. State Street Corp lifted its stake in American Water Works by 1.9% during the 3rd 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 lifted its position in 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 purchasing an additional 43,754 shares during the period. Nordea Investment Management AB boosted its holdings in American Water Works by 5.5% in 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 purchasing an additional 125,128 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in American Water Works by 6.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider's stock worth $328,354,000 after purchasing an additional 143,914 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of American Water Works by 1,131.1% during the 3rd 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. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 0.2 %

NYSE:AWK traded down $0.30 during trading hours on Tuesday, hitting $126.31. The company had a trading volume of 1,036,036 shares, compared to its average volume of 1,011,920. 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 $24.62 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.73 and a beta of 0.71. The company has a 50-day moving average of $129.28 and a 200 day moving average of $137.07. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Dividend Announcement

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 given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works's payout ratio is currently 60.59%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group raised 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 report on Tuesday, November 19th. Mizuho lowered shares of 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 report on Tuesday, October 15th. 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. Finally, Jefferies Financial Group assumed coverage on American Water Works in a research report on Monday, October 7th. They set an "underperform" rating and a $124.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average 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.