Mcdonald Partners LLC Buys 643 Shares of American Water Works Company, Inc. (NYSE:AWK)

Mcdonald Partners LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,124 shares of the utilities provider’s stock after purchasing an additional 643 shares during the period. Mcdonald Partners LLC’s holdings in American Water Works were worth $638,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AWK. Victory Capital Management Inc. grew its holdings in shares of American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. Groupama Asset Managment grew its holdings in American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 695,474 shares during the period. International Assets Investment Management LLC grew its holdings in American Water Works by 14,944.4% during the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock valued at $786,750,000 after purchasing an additional 534,411 shares during the period. Confluence Investment Management LLC grew its holdings in American Water Works by 268.0% during the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after purchasing an additional 391,166 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of American Water Works by 631.4% during the third quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after acquiring an additional 384,836 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Down 0.9 %

Shares of AWK stock opened at $125.76 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The company has a market capitalization of $24.51 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72. The business’s fifty day moving average is $125.04 and its 200 day moving average is $135.06.

American Water Works Announces Dividend

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 $0.765 dividend. 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 2.43%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analyst Weigh In

AWK has been the topic of several recent research reports. UBS Group upgraded 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. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. 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. According to MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus price target of $140.00.

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.