UMB Bank n.a. Sells 2,637 Shares of American Water Works Company, Inc. (NYSE:AWK)

UMB Bank n.a. lessened its position in American Water Works Company, Inc. (NYSE:AWK) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,308 shares of the utilities provider’s stock after selling 2,637 shares during the period. UMB Bank n.a.’s holdings in American Water Works were worth $1,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lake Street Advisors Group LLC lifted its position in American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 75 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after buying an additional 76 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in American Water Works by 2.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock worth $408,000 after buying an additional 79 shares in the last quarter. Invesco LLC lifted its stake in American Water Works by 3.4% during the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 82 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

AWK has been the subject of several research reports. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $141.00.

American Water Works Stock Performance

Shares of AWK opened at $126.69 on Tuesday. The business has a 50-day simple moving average of $129.44 and a two-hundred day simple moving average of $137.08. 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 52 week low of $113.34 and a 52 week high of $150.68. The stock has a market cap of $24.69 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.61 and a beta of 0.71.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 60.59%.

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.