Geneos Wealth Management Inc. Sells 180 Shares of American Water Works Company, Inc. (NYSE:AWK)

Geneos Wealth Management Inc. reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,785 shares of the utilities provider’s stock after selling 180 shares during the quarter. Geneos Wealth Management Inc.’s holdings in American Water Works were worth $845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AWK. Victory Capital Management Inc. boosted its holdings in shares of American Water Works by 1,131.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after buying an additional 1,321,320 shares during the last quarter. Groupama Asset Managment increased its holdings in American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after buying an additional 695,474 shares during the last quarter. International Assets Investment Management LLC raised its position in American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after acquiring an additional 534,411 shares during the period. Confluence Investment Management LLC boosted its stake in American Water Works by 268.0% in the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after acquiring an additional 391,166 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of American Water Works by 631.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after acquiring an additional 384,836 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK opened at $130.03 on Tuesday. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The stock’s 50-day simple moving average is $128.48 and its 200 day simple moving average is $136.85. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The stock has a market capitalization of $25.34 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 60.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AWK shares. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. Finally, Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $141.00.

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.