Metis Global Partners LLC Reduces Holdings in American Water Works Company, Inc. (NYSE:AWK)

Metis Global Partners LLC lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 23.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,566 shares of the utilities provider’s stock after selling 6,435 shares during the period. Metis Global Partners LLC’s holdings in American Water Works were worth $3,154,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in American Water Works by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after buying an additional 624,977 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of American Water Works by 3.7% in the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock valued at $890,422,000 after acquiring an additional 247,745 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after acquiring an additional 143,914 shares during the last quarter. Mirova US LLC boosted its stake in shares of American Water Works by 2.1% during the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after acquiring an additional 32,764 shares during the last quarter. Finally, Wulff Hansen & CO. increased its position in American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after purchasing an additional 1,453,334 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $132.11 on Friday. The business has a 50-day moving average of $141.44 and a two-hundred day moving average of $137.25. The firm has a market capitalization of $25.75 billion, a PE ratio of 26.16, a P/E/G ratio of 3.08 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.765 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.32%. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the transaction, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AWK shares. Bank of America restated an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Jefferies Financial Group assumed coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Mizuho cut shares of 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 research note on Tuesday, October 15th. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus target price of $140.00.

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.