New York State Teachers Retirement System reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 163,567 shares of the utilities provider's stock after selling 7,396 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of American Water Works worth $20,362,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crews Bank & Trust purchased a new position in American Water Works during the 4th quarter worth $26,000. Catalyst Capital Advisors LLC grew its position in American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock worth $44,000 after purchasing an additional 182 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in American Water Works during the 4th quarter worth $48,000. Rosenberg Matthew Hamilton grew its position in American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider's stock worth $50,000 after purchasing an additional 90 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in American Water Works during the 3rd quarter worth $51,000. 86.58% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE AWK opened at $125.76 on Monday. 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. The firm has a 50-day moving average price of $125.14 and a 200 day moving average price of $135.25. The stock has a market capitalization of $24.51 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, February 7th. American Water Works's dividend payout ratio (DPR) is 60.59%.
Several research analysts have issued reports on AWK shares. Wells Fargo & Company raised shares of American Water Works from an "underweight" rating to an "equal weight" rating and lowered their price objective for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their target price for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. 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 MarketBeat.com, American Water Works has a consensus rating of "Hold" and an average target price of $140.00.
Read Our Latest Research Report on AWK
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.
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