Kingsview Wealth Management LLC Raises Position in American Water Works Company, Inc. (NYSE:AWK)

Kingsview Wealth Management LLC raised its position in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 19.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,623 shares of the utilities provider’s stock after purchasing an additional 580 shares during the period. Kingsview Wealth Management LLC’s holdings in American Water Works were worth $449,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Clear Street Markets LLC purchased a new stake in American Water Works during the fourth quarter valued at about $28,000. Tyler Stone Wealth Management purchased a new position in shares of American Water Works in the second quarter worth about $29,000. ST Germain D J Co. Inc. purchased a new position in shares of American Water Works in the second quarter worth about $29,000. Pacifica Partners Inc. purchased a new position in shares of American Water Works in the third quarter worth about $30,000. Finally, Quarry LP purchased a new position in shares of American Water Works in the second quarter worth about $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

American Water Works Stock Up 0.8 %

NYSE AWK opened at $122.54 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.03 and a quick ratio of 0.97. The stock has a market capitalization of $23.86 billion, a PE ratio of 25.42, a PEG ratio of 3.08 and a beta of 0.65. American Water Works Company, Inc. has a 1 year low of $114.25 and a 1 year high of $156.33. The business’s 50-day moving average is $129.92 and its 200 day moving average is $131.09.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 8th will be given a dividend of $0.7075 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $2.83 annualized dividend and a yield of 2.31%. American Water Works’s payout ratio is 58.71%.

Wall Street Analysts Forecast Growth

Separately, Mizuho lifted their price objective on American Water Works from $134.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th.

Read Our Latest Analysis on AWK

About American Water Works

(Free Report)

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 1,600 communities in 14 states serving approximately 3.4 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.

See Also

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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