Old Port Advisors Sells 153 Shares of American Water Works Company, Inc. (NYSE:AWK)

Old Port Advisors trimmed its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,358 shares of the utilities provider’s stock after selling 153 shares during the quarter. Old Port Advisors’ holdings in American Water Works were worth $1,663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its stake in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in American Water Works in the 3rd quarter valued at approximately $51,000. Assetmark Inc. boosted its position 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 period. Raleigh Capital Management Inc. grew its holdings 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 acquiring an additional 348 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC increased its position in American Water Works by 25.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 96 shares during the period. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on the stock. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Finally, Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four equities research 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.29.

American Water Works Trading Up 0.1 %

AWK stock traded up $0.15 during mid-day trading on Thursday, reaching $124.64. The company’s stock had a trading volume of 157,478 shares, compared to its average volume of 1,203,349. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average price is $132.63 and its 200 day moving average price is $137.57. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 annualized dividend and a dividend yield of 2.46%. American Water Works’s dividend payout ratio is currently 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.