Impax Asset Management Group plc Sells 6,175 Shares of American Water Works Company, Inc. $AWK

Impax Asset Management Group plc reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,729,024 shares of the utilities provider’s stock after selling 6,175 shares during the period. American Water Works accounts for 1.4% of Impax Asset Management Group plc’s holdings, making the stock its 21st biggest holding. Impax Asset Management Group plc owned about 0.89% of American Water Works worth $240,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AWK. Stratos Wealth Partners LTD. raised its position in American Water Works by 1.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 63,927 shares of the utilities provider’s stock valued at $8,898,000 after purchasing an additional 1,022 shares in the last quarter. MQS Management LLC purchased a new position in shares of American Water Works during the third quarter valued at $364,000. Reaves W H & Co. Inc. raised its holdings in shares of American Water Works by 80.1% in the third quarter. Reaves W H & Co. Inc. now owns 281,145 shares of the utilities provider’s stock valued at $39,133,000 after acquiring an additional 125,000 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of American Water Works by 5.6% in the third quarter. Wesbanco Bank Inc. now owns 85,976 shares of the utilities provider’s stock valued at $11,967,000 after acquiring an additional 4,553 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in American Water Works by 4.7% in the third quarter. Wealthfront Advisers LLC now owns 76,172 shares of the utilities provider’s stock worth $10,602,000 after acquiring an additional 3,394 shares during the period. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America raised shares of American Water Works from an “underperform” rating to a “neutral” rating and raised their target price for the company from $117.00 to $139.00 in a research report on Monday, January 12th. Barclays reduced their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research note on Wednesday, December 17th. UBS Group set a $149.00 target price on American Water Works in a research report on Wednesday, December 17th. Wells Fargo & Company reduced their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Finally, Mizuho set a $145.00 price objective on American Water Works in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $140.89.

American Water Works Stock Performance

Shares of AWK opened at $125.00 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. The firm has a market cap of $24.40 billion, a PE ratio of 21.97, a P/E/G ratio of 2.85 and a beta of 0.77. American Water Works Company, Inc. has a 12 month low of $121.28 and a 12 month high of $155.50. The stock has a fifty day moving average price of $129.76 and a 200-day moving average price of $135.10.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.