JPMorgan Chase & Co. Has $141.71 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

JPMorgan Chase & Co. raised its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 969,016 shares of the utilities provider's stock after acquiring an additional 5,889 shares during the period. JPMorgan Chase & Co. owned 0.50% of American Water Works worth $141,709,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Lake Street Advisors Group LLC increased its holdings in shares of 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 worth $272,000 after acquiring an additional 75 shares during the period. IHT Wealth Management LLC grew its position in American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock worth $938,000 after purchasing an additional 76 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of American Water Works by 2.9% in the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider's stock valued at $408,000 after purchasing an additional 79 shares during the period. Invesco LLC raised its holdings in shares of American Water Works by 3.4% during the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider's stock valued at $361,000 after buying an additional 82 shares during the last quarter. Finally, Asset Dedication LLC boosted its position in shares of American Water Works by 1.6% during the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider's stock worth $699,000 after buying an additional 85 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Up 0.2 %

Shares of NYSE AWK traded up $0.25 during mid-day trading on Wednesday, hitting $124.49. 1,015,985 shares of the company traded hands, compared to its average volume of 1,203,349. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 3.03 and a beta of 0.70. The business has a 50 day moving average of $132.63 and a two-hundred day moving average of $137.57.

American Water Works Dividend Announcement

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 paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works's dividend payout ratio is presently 60.59%.

Analysts Set New Price Targets

AWK has been the topic of several analyst reports. Bank of America restated an "underperform" rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They set an "underperform" rating and a $124.00 price objective on the stock. Mizuho lowered shares of American Water Works from an "outperform" rating to a "neutral" rating and increased their target price for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and increased their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $142.29.

American Water Works 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.