Heck Capital Advisors LLC Makes New $1.02 Million Investment in American Water Works Company, Inc. (NYSE:AWK)

Heck Capital Advisors LLC purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,151 shares of the utilities provider’s stock, valued at approximately $1,015,000.

A number of other hedge funds also recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in American Water Works by 21.6% during the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after buying an additional 5,564 shares during the period. Creative Planning raised its position in shares of American Water Works by 19.3% during the second quarter. Creative Planning now owns 34,951 shares of the utilities provider’s stock worth $4,514,000 after acquiring an additional 5,657 shares during the last quarter. Truist Financial Corp lifted its stake in shares of American Water Works by 21.0% in the second quarter. Truist Financial Corp now owns 24,368 shares of the utilities provider’s stock worth $3,147,000 after acquiring an additional 4,229 shares during the period. Clearbridge Investments LLC boosted its holdings in American Water Works by 1.1% in the second quarter. Clearbridge Investments LLC now owns 357,186 shares of the utilities provider’s stock valued at $46,134,000 after acquiring an additional 3,797 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in American Water Works during the 2nd quarter valued at approximately $3,715,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday. Jefferies Financial Group began coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the stock 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 cut their target price for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $139.38.

American Water Works Trading Up 0.8 %

Shares of American Water Works stock opened at $124.62 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The stock has a 50 day moving average price of $127.54 and a two-hundred day moving average price of $136.54. The stock has a market capitalization of $24.29 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.71.

American Water Works Dividend Announcement

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. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.46%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

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.