Mirador Capital Partners LP Boosts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Mirador Capital Partners LP grew its holdings in American Water Works Company, Inc. (NYSE:AWK) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,554 shares of the utilities provider’s stock after buying an additional 221 shares during the quarter. Mirador Capital Partners LP’s holdings in American Water Works were worth $1,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after purchasing an additional 1,321,320 shares in the last quarter. Groupama Asset Managment grew its holdings in American Water Works by 4,227.0% in the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after buying an additional 695,474 shares in the last quarter. International Assets Investment Management LLC grew its holdings in American Water Works by 14,944.4% in the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock valued at $786,750,000 after buying an additional 534,411 shares in the last quarter. Confluence Investment Management LLC grew its holdings in American Water Works by 268.0% in the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after buying an additional 391,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in American Water Works by 631.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after buying an additional 384,836 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWK has been the subject of several analyst reports. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. 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 note on Tuesday, November 19th. Finally, 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. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $141.00.

American Water Works Price Performance

Shares of NYSE AWK opened at $123.48 on Thursday. The stock’s 50-day moving average is $129.96 and its two-hundred day moving average is $137.13. 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 1-year low of $113.34 and a 1-year high of $150.68. The company has a market cap of $24.07 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.61 and a beta of 0.71.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued 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 2.48%. American Water Works’s dividend payout ratio (DPR) is 60.59%.

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.