American Water Works Company, Inc. (NYSE:AWK) Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,091 shares of the utilities provider’s stock after selling 1,018 shares during the period. ARGA Investment Management LP’s holdings in American Water Works were worth $1,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. E. Ohman J or Asset Management AB increased its stake in shares of American Water Works by 15.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 9,450 shares of the utilities provider’s stock worth $1,176,000 after acquiring an additional 1,250 shares during the period. abrdn plc boosted its holdings in American Water Works by 19.1% in the fourth quarter. abrdn plc now owns 306,584 shares of the utilities provider’s stock valued at $38,035,000 after purchasing an additional 49,125 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its position in American Water Works by 0.8% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 19,813 shares of the utilities provider’s stock worth $2,467,000 after purchasing an additional 161 shares during the period. Boston Trust Walden Corp raised its stake in shares of American Water Works by 14.9% during the 4th quarter. Boston Trust Walden Corp now owns 42,683 shares of the utilities provider’s stock valued at $5,314,000 after buying an additional 5,532 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA lifted its holdings in shares of American Water Works by 2.3% in the 4th quarter. Lederer & Associates Investment Counsel CA now owns 12,654 shares of the utilities provider’s stock valued at $1,575,000 after buying an additional 286 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

American Water Works stock opened at $123.80 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The company’s fifty day moving average price is $127.07 and its 200 day moving average price is $136.29. The stock has a market capitalization of $24.13 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.63 and a beta of 0.72. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.47%. American Water Works’s dividend payout ratio is currently 60.59%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AWK shares. 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 cut shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $139.38.

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.