American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,691 shares of the utilities provider’s stock after selling 628 shares during the period. Tompkins Financial Corp’s holdings in American Water Works were worth $3,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AWK. Catalyst Capital Advisors LLC lifted its holdings in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 182 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 90 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in American Water Works during the 3rd quarter valued at approximately $51,000. Assetmark Inc. grew 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 last quarter. Finally, Raleigh Capital Management Inc. grew its stake in American Water Works by 446.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock worth $62,000 after buying an additional 348 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 2.3 %

American Water Works stock opened at $126.32 on Friday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The stock has a market capitalization of $24.62 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.61 and a beta of 0.71. The firm has a 50 day simple moving average of $129.76 and a 200-day simple moving average of $137.04. 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 Dividend Announcement

The company also recently declared 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 2.42%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analyst Weigh In

AWK has been the subject of several analyst reports. Bank of America reissued an “underperform” rating and set a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Finally, Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $141.00.

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.