Miracle Mile Advisors LLC Has $1.32 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Miracle Mile Advisors LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 279.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,582 shares of the utilities provider's stock after buying an additional 7,792 shares during the period. Miracle Mile Advisors LLC's holdings in American Water Works were worth $1,317,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AWK. Catalyst Capital Advisors LLC increased its position in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock worth $44,000 after acquiring an additional 182 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of American Water Works in the third quarter worth $51,000. Assetmark Inc. increased its position in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after purchasing an additional 89 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in American Water Works by 446.2% during the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider's stock valued at $62,000 after buying an additional 348 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its holdings in American Water Works by 25.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider's stock worth $70,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Performance

Shares of AWK stock opened at $122.57 on Wednesday. The firm has a market cap of $23.89 billion, a P/E ratio of 24.27, a PEG ratio of 3.03 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The stock's 50-day moving average is $129.96 and its two-hundred day moving average is $137.13.

American Water Works Dividend Announcement

The firm 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 2.50%. The ex-dividend date is Friday, February 7th. American Water Works's payout ratio is presently 60.59%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and increased their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Jefferies Financial Group started coverage on American Water Works in a report on Monday, October 7th. They set an "underperform" rating and a $124.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Wells Fargo & Company raised shares of American Water Works from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, Mizuho cut 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. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $141.00.

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.