Impax Asset Management Group plc Sells 1,224,009 Shares of American Water Works Company, Inc. (NYSE:AWK)

Impax Asset Management Group plc lessened its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 17.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,678,248 shares of the utilities provider’s stock after selling 1,224,009 shares during the quarter. American Water Works comprises 3.3% of Impax Asset Management Group plc’s investment portfolio, making the stock its 3rd biggest holding. Impax Asset Management Group plc owned about 2.91% of American Water Works worth $829,172,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in American Water Works by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock valued at $2,581,000 after acquiring an additional 95 shares during the last quarter. Norden Group LLC boosted its stake in shares of American Water Works by 67.4% in the first quarter. Norden Group LLC now owns 2,932 shares of the utilities provider’s stock valued at $358,000 after buying an additional 1,180 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in American Water Works during the first quarter worth $223,000. Janney Montgomery Scott LLC raised its position in American Water Works by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 90,190 shares of the utilities provider’s stock worth $11,022,000 after acquiring an additional 7,269 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in American Water Works by 4.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,046 shares of the utilities provider’s stock valued at $617,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AWK shares. Bank of America reaffirmed an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.00.

Insider Buying and Selling at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.

American Water Works Trading Down 0.9 %

Shares of American Water Works stock traded down $1.21 during mid-day trading on Monday, hitting $134.79. 330,171 shares of the stock were exchanged, compared to its average volume of 1,190,755. The stock has a market capitalization of $26.27 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.70. 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 current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.21. The company has a 50-day simple moving average of $142.73 and a 200 day simple moving average of $136.56.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors 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 2.27%. American Water Works’s dividend payout ratio (DPR) is currently 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.