SS&H Financial Advisors Inc. Purchases 410 Shares of American Water Works Company, Inc. (NYSE:AWK)

SS&H Financial Advisors Inc. raised its position in American Water Works Company, Inc. (NYSE:AWK) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,110 shares of the utilities provider’s stock after buying an additional 410 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in American Water Works were worth $1,508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC raised its position in American Water Works by 21.0% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,125 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 369 shares in the last quarter. Oak Thistle LLC bought a new position in shares of American Water Works in the 4th quarter valued at $232,000. Rosenberg Matthew Hamilton raised its holdings in shares of American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares in the last quarter. PFW Advisors LLC bought a new stake in shares of American Water Works during the 4th quarter worth $1,783,000. Finally, Peddock Capital Advisors LLC boosted its stake in American Water Works by 6.1% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,745 shares of the utilities provider’s stock valued at $342,000 after buying an additional 159 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of AWK opened at $122.57 on Wednesday. The business has a 50-day moving average of $129.96 and a 200-day moving average of $137.13. 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 capitalization of $23.89 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America reissued an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Jefferies Financial Group initiated coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.