Invesco LLC Sells 148 Shares of American Water Works Company, Inc. (NYSE:AWK)

Invesco LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,319 shares of the utilities provider’s stock after selling 148 shares during the quarter. Invesco LLC’s holdings in American Water Works were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Swedbank AB boosted its holdings in American Water Works by 10.3% in the fourth quarter. Swedbank AB now owns 117,393 shares of the utilities provider’s stock valued at $14,614,000 after acquiring an additional 11,010 shares during the last quarter. Forsta AP Fonden lifted its position in shares of American Water Works by 1.8% in the 4th quarter. Forsta AP Fonden now owns 34,800 shares of the utilities provider’s stock worth $4,332,000 after purchasing an additional 600 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of American Water Works by 38.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 56,343 shares of the utilities provider’s stock valued at $7,014,000 after purchasing an additional 15,668 shares during the last quarter. R Squared Ltd acquired a new stake in shares of American Water Works during the fourth quarter worth $67,000. Finally, Foundations Investment Advisors LLC bought a new position in American Water Works during the fourth quarter worth $205,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 0.7 %

Shares of American Water Works stock traded down $0.88 during trading hours on Wednesday, reaching $125.45. The company’s stock had a trading volume of 72,728 shares, compared to its average volume of 1,063,338. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The stock’s fifty day simple moving average is $128.12 and its two-hundred day simple moving average is $136.72. The company has a market capitalization of $24.45 billion, a P/E ratio of 24.82, a P/E/G ratio of 2.62 and a beta of 0.71. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. JPMorgan Chase & Co. cut their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus target price of $139.38.

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.