American Water Works Company, Inc. $AWK Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 38.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,780 shares of the utilities provider’s stock after selling 12,504 shares during the period. Shell Asset Management Co.’s holdings in American Water Works were worth $2,753,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC boosted its holdings in shares of American Water Works by 11.5% in the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock worth $872,000 after buying an additional 609 shares during the period. Woodline Partners LP lifted its position in shares of American Water Works by 40.7% in the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after acquiring an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of American Water Works in the 2nd quarter valued at approximately $302,000. CWM LLC boosted its stake in American Water Works by 25.7% in the 2nd quarter. CWM LLC now owns 17,569 shares of the utilities provider’s stock worth $2,444,000 after purchasing an additional 3,589 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in American Water Works by 36.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,809 shares of the utilities provider’s stock worth $669,000 after purchasing an additional 1,277 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $114.00 to $124.00 in a research report on Wednesday, November 5th. Barclays dropped their target price on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Finally, Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $117.00 to $139.00 in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.89.

American Water Works Stock Up 4.1%

AWK opened at $133.62 on Friday. The company has a market capitalization of $26.08 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.77. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. American Water Works Company, Inc. has a fifty-two week low of $121.28 and a fifty-two week high of $155.50. The business has a 50-day moving average of $129.68 and a 200-day moving average of $134.90.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be paid a $0.8275 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. American Water Works’s payout ratio is 58.17%.

About American Water Works

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.