Kentucky Trust Co Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Kentucky Trust Co acquired a new position in American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,730 shares of the utilities provider’s stock, valued at approximately $215,000.

Several other large investors also recently modified their holdings of the business. Lake Street Advisors Group LLC grew its position in American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after buying an additional 75 shares in the last quarter. IHT Wealth Management LLC boosted its stake in American Water Works by 1.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares in the last quarter. Invesco LLC increased its position in shares of American Water Works by 3.4% during the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares during the period. Assetmark Inc. raised its stake in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares in the last quarter. Finally, Brookfield Corp ON boosted its stake in American Water Works by 0.3% during the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after buying an additional 89 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 1.7 %

Shares of NYSE AWK opened at $125.17 on Wednesday. The business has a 50-day moving average price of $125.67 and a two-hundred day moving average price of $135.66. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The firm has a market capitalization of $24.39 billion, a PE ratio of 24.79, a PEG ratio of 2.62 and a beta of 0.72. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AWK. 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. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $139.38.

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.