M&T Bank Corp Purchases 1,331 Shares of American Water Works Company, Inc. (NYSE:AWK)

M&T Bank Corp lifted its position in American Water Works Company, Inc. (NYSE:AWK) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,136 shares of the utilities provider’s stock after acquiring an additional 1,331 shares during the period. M&T Bank Corp’s holdings in American Water Works were worth $9,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. purchased a new stake in American Water Works in the third quarter worth $713,000. Geode Capital Management LLC boosted its holdings in shares of American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after buying an additional 43,754 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of American Water Works in the 3rd quarter worth about $538,000. Vestcor Inc increased its stake in shares of American Water Works by 32.6% in the 3rd quarter. Vestcor Inc now owns 10,107 shares of the utilities provider’s stock worth $1,478,000 after acquiring an additional 2,483 shares in the last quarter. Finally, Barclays PLC lifted its position in American Water Works by 1.0% during the 3rd quarter. Barclays PLC now owns 376,348 shares of the utilities provider’s stock valued at $55,037,000 after acquiring an additional 3,560 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 1.7 %

American Water Works stock opened at $125.92 on Monday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The business’s fifty day moving average is $135.20 and its 200 day moving average is $137.79. The stock has a market capitalization of $24.54 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.43%. American Water Works’s payout ratio is 60.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Bank of America restated an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Finally, Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $142.29.

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.