Toronto Dominion Bank Has $14.10 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Toronto Dominion Bank lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.2% during the third quarter, HoldingsChannel reports. The firm owned 96,427 shares of the utilities provider’s stock after selling 15,963 shares during the quarter. Toronto Dominion Bank’s holdings in American Water Works were worth $14,101,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AWK. AQR Capital Management LLC raised its holdings in American Water Works by 21.6% during the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after buying an additional 5,564 shares during the period. Swedbank AB increased its position in shares of American Water Works by 65.5% during the third quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock worth $15,557,000 after acquiring an additional 42,094 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of American Water Works by 350.4% during the second quarter. Boston Trust Walden Corp now owns 10,360 shares of the utilities provider’s stock worth $1,338,000 after acquiring an additional 8,060 shares during the period. MBB Public Markets I LLC bought a new stake in American Water Works in the 2nd quarter valued at $1,610,000. Finally, Pathstone Holdings LLC boosted its stake in American Water Works by 11.3% in the 3rd quarter. Pathstone Holdings LLC now owns 48,618 shares of the utilities provider’s stock worth $7,110,000 after purchasing an additional 4,944 shares during the period. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

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

American Water Works Trading Down 0.7 %

Shares of American Water Works stock opened at $129.61 on Friday. The stock has a market cap of $25.26 billion, a P/E ratio of 25.67, a P/E/G ratio of 3.03 and a beta of 0.70. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The business’s 50 day moving average is $136.27 and its 200-day moving average is $137.80.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

American Water Works Company 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.