Albion Financial Group UT Sells 1,051 Shares of American Water Works Company, Inc. (NYSE:AWK)

Albion Financial Group UT trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,597 shares of the utilities provider’s stock after selling 1,051 shares during the period. Albion Financial Group UT’s holdings in American Water Works were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AWK. Catalyst Capital Advisors LLC boosted its stake in American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of American Water Works in the third quarter valued at approximately $51,000. Assetmark Inc. boosted its position in shares of American Water Works by 31.7% during 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 during the last quarter. Rosenberg Matthew Hamilton grew its holdings in American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in American Water Works by 446.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after buying an additional 348 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Down 0.2 %

AWK opened at $126.31 on Wednesday. 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 cap of $24.62 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.71. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of $129.15 and a 200 day moving average of $137.05.

American Water Works Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on AWK shares. Mizuho downgraded shares of 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. Jefferies Financial Group started coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.00.

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.