Retirement Guys Formula LLC Purchases 430 Shares of American Water Works Company, Inc. (NYSE:AWK)

Retirement Guys Formula LLC increased its position in American Water Works Company, Inc. (NYSE:AWK) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,724 shares of the utilities provider’s stock after acquiring an additional 430 shares during the quarter. Retirement Guys Formula LLC’s holdings in American Water Works were worth $713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AWK. Lake Street Advisors Group LLC boosted its position in American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 75 shares in the last quarter. IHT Wealth Management LLC boosted its position in American Water Works by 1.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after acquiring an additional 76 shares in the last quarter. Invesco LLC boosted its position in American Water Works by 3.4% during the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 82 shares in the last quarter. Assetmark Inc. boosted its position in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 89 shares in the last quarter. Finally, Brookfield Corp ON boosted its position in American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of several recent research reports. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the company 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 decreased their price objective for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $139.38.

American Water Works Stock Performance

Shares of AWK stock opened at $125.17 on Wednesday. The firm has a market capitalization of $24.39 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The business has a fifty day moving average of $125.67 and a 200 day moving average of $135.66. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid 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 yield of 2.44%. 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.