Greenleaf Trust Has $2.93 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Greenleaf Trust boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.6% during the 4th quarter, HoldingsChannel reports. The fund owned 23,549 shares of the utilities provider’s stock after buying an additional 1,031 shares during the quarter. Greenleaf Trust’s holdings in American Water Works were worth $2,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in American Water Works during the fourth quarter valued at about $26,000. Catalyst Capital Advisors LLC grew its stake in shares of American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of American Water Works in the 3rd quarter valued at approximately $51,000. Assetmark Inc. grew 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 valued at $54,000 after purchasing an additional 89 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in shares of American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 90 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Up 0.8 %

Shares of AWK opened at $124.62 on Monday. The business’s 50 day simple moving average is $127.29 and its 200-day simple moving average is $136.44. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The company has a market capitalization of $24.29 billion, a P/E ratio of 24.68, a PEG ratio of 2.63 and a beta of 0.71.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is 60.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AWK shares. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average price target 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.