Crossmark Global Holdings Inc. Has $1.37 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Crossmark Global Holdings Inc. decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 29.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,964 shares of the utilities provider’s stock after selling 4,480 shares during the period. Crossmark Global Holdings Inc.’s holdings in American Water Works were worth $1,365,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in American Water Works by 1.9% during the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after purchasing an additional 214,082 shares during the last quarter. 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 worth $665,163,000 after buying an additional 43,754 shares during the period. Nordea Investment Management AB grew its stake in American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after buying an additional 125,128 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in American Water Works by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after acquiring an additional 143,914 shares during the period. Finally, Victory Capital Management Inc. lifted its position in American Water Works by 1,131.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after acquiring an additional 1,321,320 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

AWK has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average price target of $141.00.

American Water Works Trading Down 0.1 %

Shares of American Water Works stock opened at $121.67 on Friday. The company’s fifty day moving average price is $128.73 and its two-hundred day moving average price is $136.83. The firm has a market capitalization of $23.71 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71. 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 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio 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.