Teachers Retirement System of The State of Kentucky reduced its stake in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,299 shares of the utilities provider’s stock after selling 920 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Water Works were worth $2,091,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. bought a new stake in American Water Works in the third quarter worth approximately $713,000. Geode Capital Management LLC increased its holdings in American Water Works by 1.0% in the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after purchasing an additional 43,754 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in American Water Works in the third quarter worth approximately $538,000. Vestcor Inc increased its holdings in American Water Works by 32.6% in the third quarter. Vestcor Inc now owns 10,107 shares of the utilities provider’s stock worth $1,478,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Barclays PLC increased its holdings in American Water Works by 1.0% in the third quarter. Barclays PLC now owns 376,348 shares of the utilities provider’s stock worth $55,037,000 after purchasing an additional 3,560 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $142.29.
American Water Works Trading Down 0.5 %
Shares of American Water Works stock opened at $128.91 on Tuesday. The stock has a fifty day simple moving average of $136.11 and a 200 day simple moving average of $137.99. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a market capitalization of $25.12 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.37%. 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.
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