American Water Works Company, Inc. (NYSE:AWK) Holdings Raised by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 29.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,272 shares of the utilities provider’s stock after acquiring an additional 1,645 shares during the period. Apollon Wealth Management LLC’s holdings in American Water Works were worth $905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crews Bank & Trust bought a new stake in shares of American Water Works during the fourth quarter valued at about $26,000. Catalyst Capital Advisors LLC raised its position in 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 American Water Works in the third quarter worth about $51,000. Assetmark Inc. raised its position in American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 90 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Up 1.7 %

NYSE:AWK opened at $125.17 on Wednesday. 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 $125.67 and its two-hundred day moving average is $135.66. The stock has a market cap of $24.39 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72.

American Water Works Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.44%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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 stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut their price objective 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 research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, American Water Works currently has an average rating of “Hold” and an average price target 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.