Quilter Plc Has $25.26 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Quilter Plc raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 202,884 shares of the utilities provider’s stock after buying an additional 5,771 shares during the quarter. Quilter Plc’s holdings in American Water Works were worth $25,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AWK. Atomi Financial Group Inc. acquired a new position in shares of American Water Works during the third quarter worth approximately $253,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of American Water Works by 400.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,124 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 3,300 shares during the period. Ritholtz Wealth Management increased its position in shares of American Water Works by 10.5% during the third quarter. Ritholtz Wealth Management now owns 3,221 shares of the utilities provider’s stock valued at $471,000 after purchasing an additional 306 shares during the period. Exchange Traded Concepts LLC increased its position in shares of American Water Works by 2.0% during the third quarter. Exchange Traded Concepts LLC now owns 17,155 shares of the utilities provider’s stock valued at $2,509,000 after purchasing an additional 341 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of American Water Works by 11.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,744 shares of the utilities provider’s stock valued at $1,132,000 after purchasing an additional 781 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Performance

Shares of NYSE AWK opened at $122.53 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The stock has a 50 day moving average of $125.92 and a 200-day moving average of $135.83. The company has a market capitalization of $23.88 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.62 and a beta of 0.72.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.50%. American Water Works’s dividend payout ratio is currently 60.59%.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of analyst reports. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. decreased their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.38.

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.