1ST Source Bank Decreases Stake in American Water Works Company, Inc. (NYSE:AWK)

1ST Source Bank decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,368 shares of the utilities provider’s stock after selling 716 shares during the quarter. 1ST Source Bank’s holdings in American Water Works were worth $2,686,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AWK. Oddo BHF Asset Management Sas acquired a new stake in shares of American Water Works during the third quarter worth $1,988,000. Franklin Resources Inc. raised its position in shares of American Water Works by 3.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,034,221 shares of the utilities provider’s stock worth $145,170,000 after purchasing an additional 29,961 shares during the period. Synovus Financial Corp bought a new stake in American Water Works in the third quarter valued at $221,000. Wilmington Savings Fund Society FSB increased its holdings in shares of American Water Works by 4.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 54,677 shares of the utilities provider’s stock worth $7,996,000 after acquiring an additional 2,269 shares during the period. Finally, World Investment Advisors LLC bought a new stake in American Water Works in the 3rd quarter valued at about $716,000. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AWK. Bank of America restated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Jefferies Financial Group assumed coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.29.

American Water Works Stock Down 0.5 %

AWK traded down $0.64 on Friday, reaching $129.91. 120,846 shares of the company traded hands, compared to its average volume of 1,201,631. 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 Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The stock’s 50 day moving average price is $136.53 and its 200-day moving average price is $137.79. The company has a market cap of $25.32 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.03 and a beta of 0.70.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.36%. American Water Works’s payout ratio is presently 60.59%.

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.