American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Graypoint LLC

Graypoint LLC trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 13.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,463 shares of the utilities provider’s stock after selling 384 shares during the quarter. Graypoint LLC’s holdings in American Water Works were worth $307,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AWK. Catalyst Capital Advisors LLC grew its position in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in American Water Works during the third quarter worth $51,000. Assetmark Inc. grew its holdings in American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after buying an additional 89 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in shares of American Water Works by 446.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 348 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC raised its holdings in shares of American Water Works by 25.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

AWK opened at $121.17 on Monday. The firm has a market cap of $23.62 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 3.03 and a beta of 0.71. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average price is $130.53 and its 200 day moving average price is $137.24. 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors 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 2.53%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AWK shares. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $141.00.

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.