American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 36.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 190,973 shares of the utilities provider’s stock after selling 111,788 shares during the quarter. Wellington Management Group LLP’s holdings in American Water Works were worth $27,928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AWK. ORG Partners LLC purchased a new position in American Water Works during the second quarter worth $30,000. Catalyst Capital Advisors LLC increased its position in American Water Works by 155.6% during 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 in the last quarter. Hantz Financial Services Inc. acquired a new position in American Water Works in the 2nd quarter valued at about $46,000. Ashton Thomas Securities LLC purchased a new position in American Water Works in the 3rd quarter valued at about $51,000. Finally, Assetmark Inc. boosted its stake in shares of 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 purchasing an additional 89 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Water Works has an average rating of “Hold” and an average price target of $142.29.

American Water Works Stock Performance

Shares of AWK stock opened at $130.57 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average of $136.81 and a two-hundred day moving average of $137.84. The company has a market cap of $25.45 billion, a P/E ratio of 25.96, a PEG ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68.

American Water Works Dividend Announcement

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 issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is 60.59%.

About American Water Works

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.