Oppenheimer & Co. Inc. Sells 4,516 Shares of American Water Works Company, Inc. (NYSE:AWK)

Oppenheimer & Co. Inc. cut its holdings in American Water Works Company, Inc. (NYSE:AWKFree Report) by 31.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,663 shares of the utilities provider’s stock after selling 4,516 shares during the period. Oppenheimer & Co. Inc.’s holdings in American Water Works were worth $1,197,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of American Water Works during the 4th quarter valued at $281,724,000. Moneta Group Investment Advisors LLC increased its holdings in American Water Works by 64,405.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,838,394 shares of the utilities provider’s stock valued at $280,208,000 after acquiring an additional 1,835,544 shares during the last quarter. Osaic Holdings Inc. increased its holdings in American Water Works by 1,278.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,420,936 shares of the utilities provider’s stock valued at $14,251,000 after acquiring an additional 1,317,840 shares during the last quarter. Royal Bank of Canada grew its stake in shares of American Water Works by 11.5% in the 2nd quarter. Royal Bank of Canada now owns 5,114,273 shares of the utilities provider’s stock worth $730,062,000 after buying an additional 528,070 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its stake in shares of American Water Works by 73.8% in the 2nd quarter. Magellan Asset Management Ltd now owns 1,158,563 shares of the utilities provider’s stock worth $165,385,000 after buying an additional 491,994 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on AWK

American Water Works Trading Up 0.1 %

NYSE AWK opened at $121.98 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.18. The firm has a market cap of $23.75 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.03 and a beta of 0.65. The company has a 50 day moving average price of $129.73 and a 200 day moving average price of $131.02. American Water Works Company, Inc. has a 52 week low of $114.25 and a 52 week high of $155.16.

American Water Works Announces Dividend

The business also recently announced 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. This represents a $2.83 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, February 7th. American Water Works’s dividend payout ratio is presently 58.71%.

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

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

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