Duff & Phelps Investment Management Co. Sells 89,138 Shares of American Water Works Company, Inc. (NYSE:AWK)

Duff & Phelps Investment Management Co. trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK) by 14.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 544,728 shares of the utilities provider’s stock after selling 89,138 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in American Water Works were worth $79,661,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of American Water Works during the second quarter worth approximately $30,000. Catalyst Capital Advisors LLC raised its position in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in American Water Works during the 3rd quarter worth $51,000. Hantz Financial Services Inc. bought a new position in American Water Works in the 2nd quarter valued at $46,000. Finally, Assetmark Inc. increased its stake in shares of 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 during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 0.2 %

AWK opened at $132.37 on Monday. The firm’s fifty day moving average is $137.73 and its two-hundred day moving average is $137.86. The firm has a market cap of $25.80 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 3.08 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 debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58.

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 paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.31%. American Water Works’s payout ratio is presently 60.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Bank of America reiterated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $142.29.

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.