Miller Howard Investments Inc. NY Sells 253 Shares of American Water Works Company, Inc. (NYSE:AWK)

Miller Howard Investments Inc. NY trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,075 shares of the utilities provider’s stock after selling 253 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in American Water Works were worth $3,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its stake in American Water Works by 1.9% in the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after purchasing an additional 214,082 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of American Water Works by 1.0% in the third 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 during the period. Nordea Investment Management AB raised its position in shares of American Water Works by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after buying an additional 125,128 shares in the last quarter. Allspring Global Investments Holdings LLC grew 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 worth $328,354,000 after buying an additional 143,914 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in American Water Works by 1,131.1% in 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 hedge funds and other institutional investors.

American Water Works Stock Down 1.2 %

Shares of NYSE:AWK opened at $122.53 on Friday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average price is $125.92 and its 200-day moving average price is $135.86. The stock has a market capitalization of $23.88 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72.

American Water Works Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $139.38.

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.