Atria Wealth Solutions Inc. Raises Stake in American Water Works Company, Inc. (NYSE:AWK)

Atria Wealth Solutions Inc. boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,983 shares of the utilities provider’s stock after buying an additional 1,766 shares during the period. Atria Wealth Solutions Inc.’s holdings in American Water Works were worth $1,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Crews Bank & Trust purchased a new stake in American Water Works in the 4th quarter worth approximately $26,000. Catalyst Capital Advisors LLC boosted its position in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in American Water Works in the 4th quarter worth approximately $48,000. Rosenberg Matthew Hamilton boosted its position in American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 90 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in American Water Works in the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 3.1 %

NYSE AWK opened at $132.63 on Friday. The business has a fifty day moving average price of $124.93 and a 200 day moving average price of $134.76. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.39. The company has a market cap of $25.86 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.72 and a beta of 0.72.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

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 dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 56.77%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price objective on American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group upgraded 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. Finally, JPMorgan Chase & Co. decreased 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $140.57.

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.