Saxony Capital Management LLC Sells 87 Shares of American Water Works Company, Inc. (NYSE:AWK)

Saxony Capital Management LLC decreased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 1.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,076 shares of the utilities provider’s stock after selling 87 shares during the quarter. Saxony Capital Management LLC’s holdings in American Water Works were worth $1,005,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AWK shares. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Jefferies Financial Group started coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on the stock. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued 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 target price of $139.38.

American Water Works Trading Down 0.6 %

Shares of NYSE:AWK opened at $123.56 on Friday. The business’s 50 day simple moving average is $127.54 and its 200 day simple moving average is $136.54. The company has a market capitalization of $24.08 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.63 and a beta of 0.71. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders 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 2.48%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is presently 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.