American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,937 shares of the utilities provider’s stock after selling 426 shares during the quarter. American Water Works comprises approximately 1.5% of Asset Advisors Investment Management LLC’s investment portfolio, making the stock its 23rd biggest position. Asset Advisors Investment Management LLC owned 0.05% of American Water Works worth $14,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ORG Partners LLC purchased a new stake in shares of American Water Works in the 2nd quarter valued at approximately $30,000. Catalyst Capital Advisors LLC lifted its stake in American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of American Water Works during the second quarter worth $46,000. Ashton Thomas Securities LLC acquired a new stake in shares of American Water Works in the third quarter valued at $51,000. Finally, Assetmark Inc. grew its stake in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after buying an additional 89 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $142.29.

American Water Works Trading Up 0.2 %

Shares of NYSE:AWK opened at $130.57 on Friday. The company has a market cap of $25.45 billion, a PE ratio of 25.86, a P/E/G ratio of 3.03 and a beta of 0.70. The company’s 50 day moving average is $136.53 and its two-hundred day moving average is $137.79. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders 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 yield of 2.34%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is presently 60.59%.

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 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.