Wilmington Savings Fund Society FSB Sells 277 Shares of American Water Works Company, Inc. (NYSE:AWK)

Wilmington Savings Fund Society FSB cut its position in American Water Works Company, Inc. (NYSE:AWK) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 54,400 shares of the utilities provider’s stock after selling 277 shares during the period. Wilmington Savings Fund Society FSB’s holdings in American Water Works were worth $6,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC grew its holdings in American Water Works by 4.2% in the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 75 shares during the period. IHT Wealth Management LLC grew its stake in shares of American Water Works by 1.2% in the 3rd 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 period. Invesco LLC increased its position in American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after buying an additional 82 shares in the last quarter. Assetmark Inc. raised its stake in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares during the period. Finally, Brookfield Corp ON boosted its holdings in American Water Works by 0.3% in the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after acquiring an additional 89 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AWK has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $139.38.

American Water Works Price Performance

Shares of NYSE AWK opened at $122.53 on Friday. The stock’s 50 day moving average price is $126.21 and its 200-day moving average price is $136.00. The company has a market capitalization of $23.88 billion, a PE ratio of 24.26, a PEG ratio of 2.63 and a beta of 0.72. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is presently 60.59%.

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.