OneAscent Financial Services LLC Has $462,000 Position in American Water Works Company, Inc. (NYSE:AWK)

OneAscent Financial Services LLC lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,012 shares of the utilities provider’s stock after buying an additional 400 shares during the quarter. OneAscent Financial Services LLC’s holdings in American Water Works were worth $462,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of AWK. Magellan Asset Management Ltd increased its holdings in American Water Works by 13.4% in the 3rd quarter. Magellan Asset Management Ltd now owns 1,826,170 shares of the utilities provider’s stock valued at $264,576,000 after buying an additional 216,130 shares during the period. Morgan Stanley increased its stake in American Water Works by 3.9% during the 3rd quarter. Morgan Stanley now owns 1,327,983 shares of the utilities provider’s stock valued at $192,397,000 after purchasing an additional 49,594 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in American Water Works by 22.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,087,220 shares of the utilities provider’s stock valued at $157,516,000 after purchasing an additional 199,356 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of American Water Works by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 811,429 shares of the utilities provider’s stock worth $104,399,000 after acquiring an additional 9,056 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of American Water Works by 0.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 632,082 shares of the utilities provider’s stock worth $81,324,000 after acquiring an additional 2,201 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

American Water Works stock opened at $159.69 on Thursday. The business has a 50-day simple moving average of $151.54 and a two-hundred day simple moving average of $147.77. The company has a market cap of $28.95 billion, a P/E ratio of 43.75, a P/E/G ratio of 4.57 and a beta of 0.18. American Water Works Company, Inc. has a 52-week low of $92.00 and a 52-week high of $172.56. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 1.47.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Monday, November 9th. The utilities provider reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.08. American Water Works had a return on equity of 11.03% and a net margin of 17.63%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $1.33 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that American Water Works Company, Inc. will post 3.9 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Monday, February 8th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.38%. American Water Works’s payout ratio is currently 60.94%.

AWK has been the topic of a number of research analyst reports. Bank of America raised shares of American Water Works from an “underperform” rating to a “neutral” rating in a report on Monday, December 14th. HSBC raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a report on Monday, November 9th. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Monday, November 9th. Barclays upped their price objective on shares of American Water Works from $138.00 to $173.00 and gave the company an “equal weight” rating in a report on Wednesday, November 18th. Finally, Atlantic Securities initiated coverage on shares of American Water Works in a report on Thursday, January 7th. They set an “overweight” rating and a $173.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $148.00.

About American Water Works

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 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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