Baker Tilly Wealth Management LLC Purchases 104 Shares of American Water Works Company, Inc. (NYSE:AWK)

Baker Tilly Wealth Management LLC lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,765 shares of the utilities provider’s stock after purchasing an additional 104 shares during the period. Baker Tilly Wealth Management LLC’s holdings in American Water Works were worth $344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AWK. State Street Corp raised its position in American Water Works by 1.9% in the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after acquiring an additional 214,082 shares during the period. Geode Capital Management LLC increased its stake in shares of American Water Works by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after purchasing an additional 43,754 shares in the last quarter. Nordea Investment Management AB lifted its position in American Water Works by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after purchasing an additional 125,128 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after purchasing an additional 143,914 shares in the last quarter. Finally, Wulff Hansen & CO. increased its position in American Water Works by 12,816.0% in the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after buying an additional 1,453,334 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Jefferies Financial Group started coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Finally, Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $133.00 to $129.00 in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $141.00.

American Water Works Stock Down 1.2 %

AWK opened at $121.17 on Friday. The company has a market capitalization of $23.62 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. The firm has a 50-day simple moving average of $130.53 and a two-hundred day simple moving average of $137.13. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is presently 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.